Alaris Royalty (AD) Price Target Lowered to C$19.00 at Raymond James

Alaris Royalty (TSE:AD) had its price target reduced by Raymond James from C$20.00 to C$19.00 in a report released on Wednesday morning. Raymond James currently has a market perform rating on the stock.

A number of other research analysts also recently commented on the stock. National Bank Financial lifted their price objective on shares of Alaris Royalty from C$18.50 to C$22.00 and gave the company an outperform rating in a research report on Monday, September 17th. Desjardins raised their target price on shares of Alaris Royalty from C$19.00 to C$20.00 in a research note on Tuesday, July 24th. Finally, CIBC raised their target price on shares of Alaris Royalty from C$18.00 to C$19.00 in a research note on Monday, September 17th.

Shares of AD traded down C$0.04 during midday trading on Wednesday, reaching C$18.20. The stock had a trading volume of 44,075 shares, compared to its average volume of 166,732. Alaris Royalty has a one year low of C$15.30 and a one year high of C$20.94.

The business also recently announced a monthly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 15th will be paid a dividend of $0.135 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 8.90%. The ex-dividend date is Tuesday, October 30th.

About Alaris Royalty

Alaris Royalty Corp. is a private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments. The firm does not invest in turnarounds and start-ups. It prefers to invest in the companies based in all industries except for those with a declining asset base, such as oil and gas resource companies, or any industry that carry the risk of obsolescence such as high tech and focuses on business services, professional services, information services, healthcare services, distribution & logistics, industrials, consumer products.

Further Reading: S&P 500 Index

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