Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Given a C$20.00 Price Target by Royal Bank Of Canada Analysts

Key Points

• Royal Bank Of Canada has set a price target of C$20.00 for Alaris Equity Partners Income Trust (AD.UN), indicating a potential upside of 7.18% from its current trading price.
• Raymond James Financial has a higher price target of C$24.00 for the stock, with three analysts rating it as a Buy and one as Hold, contributing to an average rating of "Moderate Buy".
• AD.UN shares have recently traded down 1.2%, reaching C$18.66, with a market capitalization of approximately C$847.56 million and a P/E ratio of 6.46.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report) received a C$20.00 target price from equities research analysts at Royal Bank Of Canada in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. Royal Bank Of Canada's target price suggests a potential upside of 7.18% from the company's current price.

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

Alaris Equity Partners Income Trust (AD.UN) Trading Down 1.2%

AD.UN stock traded down C$0.22 during trading on Wednesday, reaching C$18.66. 70,442 shares of the stock were exchanged, compared to its average volume of 70,177. The business has a 50 day moving average price of C$18.75 and a 200-day moving average price of C$18.82. The firm has a market capitalization of C$847.56 million, a price-to-earnings ratio of 6.46, a P/E/G ratio of 0.80 and a beta of 1.45. Alaris Equity Partners Income Trust has a 1 year low of C$16.58 and a 1 year high of C$20.68. 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 (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.

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