Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Price Target Raised to C$30.25

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its price objective upped by Canaccord Genuity Group from C$30.00 to C$30.25 in a report released on Wednesday,BayStreet reports. The firm currently has a buy rating on the stock.

Several other research analysts also recently weighed in on the company. ATB Cormark Capital Markets increased their price target on Alaris Equity Partners Income Trust (AD.UN) from C$29.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Stifel Nicolaus upped their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$27.00 and gave the company a “buy” rating in a report on Wednesday. Desjardins increased their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$27.50 to C$28.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, National Bank Financial lifted their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$30.50 to C$31.50 and gave the stock an “outperform” rating in a research note on Wednesday. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) presently has a consensus rating of “Moderate Buy” and a consensus price target of C$27.72.

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

TSE:AD.UN opened at C$23.87 on Wednesday. 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 business has a fifty day simple moving average of C$24.28 and a two-hundred day simple moving average of C$23.43. Alaris Equity Partners Income Trust has a 1 year low of C$17.92 and a 1 year high of C$26.31. The company has a market capitalization of C$1.09 billion, a P/E ratio of 7.28, a P/E/G ratio of 0.80 and a beta of 1.14.

About Alaris Equity Partners Income Trust (AD.UN)

Alaris’ investment and investing activity refers to providing, through the Acquisition Entities, structured equity to private companies (‘ Partners ‘) to meet their business and capital objectives, which includes management buyouts, dividend recapitalization, growth and acquisitions. Alaris achieves this by investing its unitholder capital, as well as debt, through the Acquisition Entities, in exchange for distributions, dividends or interest (collectively, ‘ Distributions ‘) as well as capital appreciation on both preferred and common equity.