Scotiabank Increases Alaris Royalty (OTCMKTS:ALARF) Price Target to $13.00

Alaris Royalty (OTCMKTS:ALARF) had its price objective lifted by Scotiabank from $12.00 to $13.00 in a research report report published on Thursday morning, The Fly reports. Scotiabank currently has a sector perform rating on the stock.

A number of other analysts have also recently weighed in on the company. CIBC raised their price objective on Alaris Royalty from $12.00 to $15.00 and gave the stock a neutral rating in a research report on Wednesday, June 24th. Stifel Nicolaus raised Alaris Royalty from a hold rating to a buy rating and set a $13.50 price objective for the company in a research report on Tuesday, June 23rd. Finally, National Bank Financial raised Alaris Royalty to a buy rating and set a $14.50 price objective for the company in a research report on Monday, July 27th.

Shares of OTCMKTS ALARF opened at $9.82 on Thursday. The stock’s fifty day simple moving average is $8.97 and its two-hundred day simple moving average is $10.19. Alaris Royalty has a 12-month low of $4.46 and a 12-month high of $17.53.

Alaris Royalty Company Profile

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.

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