Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Given New C$22.00 Price Target at Royal Bank Of Canada

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its target price increased by Royal Bank Of Canada from C$21.00 to C$22.00 in a research report released on Monday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Several other research firms have also weighed in on AD.UN. Raymond James Financial upped their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Desjardins boosted their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$24.50 to C$25.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$24.33.

Alaris Equity Partners Income Trust (AD.UN) Price Performance

Shares of AD.UN opened at C$22.05 on Monday. The company has a market capitalization of C$999.72 million, a price-to-earnings ratio of 6.23, a P/E/G ratio of 0.80 and a beta of 1.37. Alaris Equity Partners Income Trust has a fifty-two week low of C$16.58 and a fifty-two week high of C$22.20. The company has a debt-to-equity ratio of 6.33, a current ratio of 0.60 and a quick ratio of 2.36. The business’s 50-day moving average is C$20.66 and its 200-day moving average is C$19.50.

About Alaris Equity Partners Income Trust (AD.UN)

Alaris Equity Partners Income Trust is an open-ended trust. The Trust, through its subsidiaries, indirectly provides alternative financing to private companies (Partners) in exchange for distributions with the principal objective of generating stable and predictable cash flows for payment of distributions to unitholders of the Trust. Distributions from the Partners are adjusted each year based on the percentage change of a top-line financial performance measure such as gross margin and same-store sales and rank in priority to the owner’s common equity position.