Royal Bank Of Canada Reiterates “C$20.00” Price Target for Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN)

Royal Bank Of Canada set a C$20.00 target price on Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) in a research report sent to investors on Wednesday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Separately, Raymond James Financial set a C$24.00 target price on shares of Alaris Equity Partners Income Trust (AD.UN) and gave the company an “outperform” rating in a research note on Tuesday, June 24th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.40.

Alaris Equity Partners Income Trust (AD.UN) Trading Up 1.0%

Shares of AD.UN opened at C$18.81 on Wednesday. The firm’s 50-day moving average price is C$18.73 and its 200-day moving average price is C$18.81. The firm has a market capitalization of C$854.37 million, a price-to-earnings ratio of 6.51, a PEG ratio of 0.80 and a beta of 1.45. The company has a current ratio of 0.60, a quick ratio of 2.36 and a debt-to-equity ratio of 6.33. Alaris Equity Partners Income Trust has a 1-year low of C$16.58 and a 1-year high of C$20.68.

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.