Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its price objective increased by Royal Bank Of Canada from C$21.00 to C$22.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential downside of 0.09% from the company’s current price.

AD.UN has been the subject of several other research reports. Raymond James Financial increased their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Desjardins raised their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$24.50 to C$25.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$24.33.

Alaris Equity Partners Income Trust (AD.UN) Stock Down 0.3%

TSE AD.UN traded down C$0.07 on Monday, hitting C$22.02. 37,059 shares of the stock were exchanged, compared to its average volume of 87,313. 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 market cap of C$998.36 million, a PE ratio of 6.22, a PEG ratio of 0.80 and a beta of 1.37. The company has a quick ratio of 2.36, a current ratio of 0.60 and a debt-to-equity ratio of 6.33. The company has a 50-day moving average price of C$20.60 and a 200-day moving average price of C$19.47.

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.