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

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its target price upped by research analysts at Raymond James Financial from C$25.00 to C$26.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s target price suggests a potential upside of 36.05% from the stock’s previous close.

AD.UN has been the subject of several other reports. Royal Bank Of Canada set a C$20.00 price target on Alaris Equity Partners Income Trust (AD.UN) and gave the stock a “sector perform” rating in a report on Wednesday, October 1st. Desjardins boosted their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$24.50 to C$25.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$25.00.

Alaris Equity Partners Income Trust (AD.UN) Trading Down 0.5%

Shares of TSE AD.UN traded down C$0.09 during midday trading on Friday, reaching C$19.11. 122,313 shares of the stock were exchanged, compared to its average volume of 71,826. Alaris Equity Partners Income Trust has a 12 month low of C$16.58 and a 12 month high of C$20.68. The company has a market capitalization of C$868.00 million, a price-to-earnings ratio of 6.61, a P/E/G ratio of 0.80 and a beta of 1.34. 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 50-day simple moving average of C$18.92 and a two-hundred day simple moving average of C$18.85.

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.