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 raised by equities researchers at Cormark from C$24.00 to C$26.00 in a research report issued on Wednesday,BayStreet.CA reports. Cormark’s price target would suggest a potential upside of 34.23% from the company’s previous close.

Separately, CIBC lifted their target price 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 report on Wednesday.

Alaris Equity Partners Income Trust (AD.UN) Price Performance

Shares of TSE AD.UN traded up C$0.56 during midday trading on Wednesday, reaching C$19.37. The company’s stock had a trading volume of 63,941 shares, compared to its average volume of 55,777. The company has a current ratio of 0.60, a quick ratio of 2.36 and a debt-to-equity ratio of 6.33. The company has a 50 day moving average price of C$18.82 and a 200 day moving average price of C$17.17. Alaris Equity Partners Income Trust has a one year low of C$15.08 and a one year high of C$19.97. The company has a market cap of C$881.34 million, a price-to-earnings ratio of 4.31, a price-to-earnings-growth ratio of 0.80 and a beta of 2.08.

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.