Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Given New C$26.00 Price Target at Cormark

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its target price boosted by analysts at Cormark from C$24.00 to C$26.00 in a research report issued on Wednesday,BayStreet.CA reports. Cormark’s price target points to a potential upside of 34.23% from the stock’s current price.

Separately, CIBC increased their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$24.00 to C$27.00 and gave the stock an “outperform” rating in a research note on Wednesday.

Alaris Equity Partners Income Trust (AD.UN) Trading Up 3.0 %

TSE:AD.UN traded up C$0.56 during trading hours on Wednesday, reaching C$19.37. 63,941 shares of the company were exchanged, compared to its average volume of 55,777. 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 cap of C$881.34 million, a price-to-earnings ratio of 4.31, a PEG 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 stock has a 50 day simple moving average of C$18.82 and a 200 day simple moving average of C$17.17.

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.