Royal Bank Of Canada Issues Positive Forecast for Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Price

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its target price hoisted by equities researchers at 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 brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target points to a potential downside of 0.09% from the company’s previous close.

AD.UN has been the subject of several other research reports. Raymond James Financial increased 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 raised their target price on 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$24.33.

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

TSE:AD.UN traded down C$0.07 during mid-day trading on Monday, reaching C$22.02. The stock had a trading volume of 37,059 shares, compared to its average volume of 87,313. The stock has a 50-day simple moving average of C$20.60 and a two-hundred day simple moving average of C$19.47. The stock has a market capitalization of C$998.36 million, a PE ratio of 6.22, a P/E/G ratio of 0.80 and a beta of 1.37. Alaris Equity Partners Income Trust has a 12 month low of C$16.58 and a 12 month 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.

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.