Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its target price hoisted by Canaccord Genuity Group from C$30.00 to C$30.25 in a report released on Wednesday, BayStreet reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 29.55% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. National Bank Financial lifted their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$30.50 to C$31.50 and gave the stock an “outperform” rating in a report on Wednesday. ATB Cormark Capital Markets upped their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$29.00 to C$32.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Desjardins increased their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$27.50 to C$28.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Stifel Nicolaus boosted their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$27.00 and gave the company a “buy” rating in a research report on Wednesday. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Alaris Equity Partners Income Trust (AD.UN) presently has an average rating of “Moderate Buy” and an average target price of C$27.72.

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

Shares of AD.UN opened at C$23.35 on Wednesday. The firm has a market cap of C$1.07 billion, a PE ratio of 7.12, a PEG ratio of 0.80 and a beta of 1.14. The stock’s fifty day moving average price is C$24.36 and its two-hundred day moving average price is C$23.38. The company has a debt-to-equity ratio of 6.33, a current ratio of 0.60 and a quick ratio of 2.36. Alaris Equity Partners Income Trust has a 1 year low of C$17.92 and a 1 year high of C$26.31.

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.