CIBC Forecasts Strong Price Appreciation for Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its price target upped by equities researchers at CIBC from C$24.00 to C$27.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price target would suggest a potential upside of 38.25% from the stock’s previous close.

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

Shares of AD.UN opened at C$19.53 on Wednesday. The company has a 50-day simple moving average of C$18.89 and a two-hundred day simple moving average of C$17.22. 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$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 one year low of C$15.08 and a one year high of C$19.97.

Insider Buying and Selling

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

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.