Raymond James Remains a Hold on Alaris Royalty (AD)

By Jason Carr

In a new note to investors today, an analyst has provided a rating update for Alaris Royalty (ADResearch Report). Analyst Brenna Phelan from Raymond James rated Alaris Royalty (ADResearch Report) a Hold, setting a C$19.50 price target.

According to TipRanks.com, Phelan is ranked #311 out of 5238 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alaris Royalty with a C$22.13 average price target.

Alaris Royalty’s market cap is currently C$705.8M and has a P/E ratio of 9.5. The company has a Price to Book ratio of 1.13.

Alaris Royalty Corp. is an investment company, which engages in the provision of alternative financing to profitable and well-managed private businesses. The company was founded by Clayton H. Riddell and Stephen Reid on May 23, 2006 and is headquartered in Calgary, Canada.

The company’s shares closed on Friday at C$19.86.