Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Price Target Raised to C$27.00

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its price target upped by Stifel Nicolaus from C$26.00 to C$27.00 in a research note issued to investors on Wednesday,BayStreet reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on AD.UN. Canaccord Genuity Group boosted their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$27.50 to C$30.00 in a report on Monday, August 10th. National Bank Financial lifted their price target on Alaris Equity Partners Income Trust (AD.UN) from C$30.50 to C$31.50 and gave the stock an “outperform” rating in a report on Wednesday. ATB Cormark Capital Markets lifted 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 report on Wednesday, July 22nd. Finally, Desjardins boosted their price target on Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.50 and gave the company a “buy” rating in a research note on Friday, August 7th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Alaris Equity Partners Income Trust (AD.UN) currently has a consensus rating of “Moderate Buy” and an average price target of C$27.72.

Alaris Equity Partners Income Trust (AD.UN) Stock Up 1.7%

Shares of AD.UN opened at C$23.87 on Wednesday. The firm has a market cap of C$1.09 billion, a P/E ratio of 7.28, a price-to-earnings-growth ratio of 0.80 and a beta of 1.14. The company has a debt-to-equity ratio of 6.33, a quick ratio of 2.36 and a current ratio of 0.60. Alaris Equity Partners Income Trust has a 52 week low of C$17.92 and a 52 week high of C$26.31. The firm’s 50-day simple moving average is C$24.28 and its 200 day simple moving average is C$23.43.

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.