Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Price Target Raised to C$22.00

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its price objective upped by Royal Bank Of Canada from C$21.00 to C$22.00 in a research note published on Monday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

AD.UN has been the subject of a number of other research reports. Desjardins lifted their target price 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. Raymond James Financial raised their price target on shares of 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. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) has an average rating of “Moderate Buy” and an average price target of C$24.33.

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

Shares of AD.UN stock opened at C$22.07 on Monday. The business has a fifty day moving average of C$20.78 and a 200 day moving average of C$19.54. Alaris Equity Partners Income Trust has a 1 year low of C$16.58 and a 1 year high of C$22.21. 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 firm has a market capitalization of C$1.00 billion, a price-to-earnings ratio of 6.23, a price-to-earnings-growth ratio of 0.80 and a beta of 1.37.

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.