Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Price Expected to Rise, Cormark Analyst Says

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its price target boosted by analysts at Cormark from C$24.00 to C$26.00 in a research note issued on Wednesday,BayStreet.CA reports. Cormark’s target price would suggest a potential upside of 33.13% from the company’s previous close.

Separately, CIBC boosted their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$24.00 to C$27.00 and gave the company an “outperform” rating in a report on Wednesday.

Alaris Equity Partners Income Trust (AD.UN) Stock Up 0.5 %

AD.UN stock opened at C$19.53 on Wednesday. The stock has a market capitalization of C$888.62 million, a PE ratio of 4.35, a price-to-earnings-growth ratio of 0.80 and a beta of 2.08. Alaris Equity Partners Income Trust has a 52 week low of C$15.08 and a 52 week high of C$19.97. The company has a quick ratio of 2.36, a current ratio of 0.60 and a debt-to-equity ratio of 6.33. The firm has a 50 day moving average of C$18.89 and a 200 day moving average of C$17.22.

Insider Activity at Alaris Equity Partners Income Trust (AD.UN)

In related news, Senior Officer Matthew Mcintyre sold 5,419 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of C$19.00, for a total transaction of C$102,961.00. 2.23% of the stock is owned by insiders.

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.