Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Price Target Raised to C$31.50

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its price target lifted by National Bank Financial from C$30.50 to C$31.50 in a research note released on Wednesday,BayStreet reports. They currently have an outperform rating on the stock.

Several other research analysts have also issued reports on AD.UN. Canaccord Genuity Group raised their price target on Alaris Equity Partners Income Trust (AD.UN) from C$27.50 to C$30.00 in a research report on Monday, August 10th. ATB Cormark Capital Markets upped their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$29.00 to C$32.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Finally, Desjardins increased their target price 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 equities research 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, Alaris Equity Partners Income Trust (AD.UN) presently has an average rating of “Moderate Buy” and a consensus target price of C$27.72.

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

Shares of TSE AD.UN opened at C$23.87 on Wednesday. Alaris Equity Partners Income Trust has a fifty-two week low of C$17.92 and a fifty-two week high of C$26.31. The firm 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. 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 company’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.