CIBC Increases Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Price Target to C$27.00

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its target price lifted by CIBC from C$24.00 to C$27.00 in a research note published on Wednesday morning,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

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

Shares of AD.UN opened at C$19.21 on Wednesday. The firm has a market cap of C$874.06 million, a PE ratio of 4.28, a PEG ratio of 0.80 and a beta of 2.08. The firm’s 50 day moving average price is C$18.92 and its 200 day moving average price is C$17.23. 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 twelve month low of C$15.08 and a twelve month high of C$19.97.

Insider Activity at Alaris Equity Partners Income Trust (AD.UN)

In other news, Senior Officer Matthew Mcintyre sold 5,419 shares of Alaris Equity Partners Income Trust (AD.UN) stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of C$19.00, for a total value of C$102,961.00. Insiders own 2.23% of the company’s stock.

Alaris Equity Partners Income Trust (AD.UN) Company Profile

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.