Cormark Forecasts Strong Price Appreciation for Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its target price boosted by Cormark from C$24.00 to C$26.00 in a report released on Wednesday morning,BayStreet.CA reports.

Separately, CIBC raised their price target on 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) Stock Down 1.6 %

Shares of TSE AD.UN opened at C$19.21 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$15.08 and a 52 week high of C$19.97. The stock has a market capitalization of C$874.06 million, a P/E ratio of 4.28, a PEG ratio of 0.80 and a beta of 2.08. The stock’s fifty day moving average is C$18.92 and its 200 day moving average is C$17.23.

Insider Buying and Selling at Alaris Equity Partners Income Trust (AD.UN)

In other news, Senior Officer Matthew Mcintyre sold 5,419 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of C$19.00, for a total transaction of C$102,961.00. Company 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.