Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Price Target Raised to C$28.00

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its price objective raised by Desjardins from C$27.50 to C$28.00 in a research note issued to investors on Wednesday,BayStreet reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also recently issued reports about the stock. ATB Cormark Capital Markets increased their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$29.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. National Bank Financial boosted their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$30.50 to C$31.50 and gave the company an “outperform” rating in a report on Wednesday. Canaccord Genuity Group upped their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$27.50 to C$30.00 in a research report on Monday, August 10th. Finally, Stifel Nicolaus increased their price target on Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$27.00 and gave the stock a “buy” rating in a report on Wednesday. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$27.72.

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

Alaris Equity Partners Income Trust (AD.UN) stock opened at C$23.87 on Wednesday. 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 has a 50 day moving average price of C$24.28 and a two-hundred day moving average price of C$23.43. The firm has a market cap of C$1.09 billion, a price-to-earnings ratio of 7.28, a PEG ratio of 0.80 and a beta of 1.14.

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.