Scotiabank Thinks Alaris Royalty’s Stock is Going to Recover

By Jason Carr

In a latest note to investors, a research analyst has provided a rating update for the Financial sector company, Alaris Royalty (TSX: AD). On May 26, analyst Phil Hardie gave a Buy rating to AD and set a C$25 price target.

According to, Hardie is ranked #1327 out of 4575 analysts.

Alaris Royalty has an analyst consensus of Moderate Buy, with a price target consensus of C$23.40.

The company has a one year high of C$31.20 and a one year low of C$17.80. Currently, Alaris Royalty has an average volume of 105.1K.

Alaris Royalty Corp. is a Canadian investment company, which provides alternative financing to profitable and well-managed private businesses. It offers long-term equity capital to companies to which traditional debt or private equity is not available or attractive, including privately-held companies whose owners want to retain long-term control of their business. The company also offers an alternative to raise capital through leverage, private equity or public offerings for private companies. It provides capital to private companies in a way that maximizes valuations and tax efficiency; and allows existing management to maintain control and common equity ownership. Alaris Royalty is designed for entrepreneurs who wish to raise capital for a partial exit, generational transfer, recapitalization, management buyout, as well as growth and who want to maintain control of their companies while not attracting the added risk that comes with high leverage levels. The company was founded on May 23, 2006 and is headquartered in Calgary, Canada.

The company’s shares closed last Friday at $19.98, close to its 52-week low of $17.80.