Royal Bank Of Canada Forecasts Strong Price Appreciation for Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its price objective lifted by Royal Bank Of Canada from C$21.00 to C$22.00 in a report issued on Monday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential downside of 0.95% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Raymond James Financial boosted their price target on 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 objective 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 research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.33.

Alaris Equity Partners Income Trust (AD.UN) Trading Up 0.7%

Shares of TSE AD.UN opened at C$22.21 on Monday. The firm’s 50 day moving average price is C$20.72 and its 200-day moving average price is C$19.52. The company has a debt-to-equity ratio of 6.33, a quick ratio of 2.36 and a current ratio of 0.60. Alaris Equity Partners Income Trust has a 52-week low of C$16.58 and a 52-week high of C$22.21. The company has a market cap of C$1.01 billion, a PE ratio of 6.27, a P/E/G ratio of 0.80 and a beta of 1.37.

Alaris Equity Partners Income Trust (AD.UN) Company Profile

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.