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

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its target price lifted by stock analysts at CIBC from C$24.00 to C$27.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price target would suggest a potential upside of 39.39% from the company’s previous close.

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

Shares of TSE AD.UN traded up C$0.56 during midday trading on Wednesday, hitting C$19.37. 63,941 shares of the stock traded hands, compared to its average volume of 55,777. The firm has a 50-day moving average of C$18.82 and a two-hundred day moving average of C$17.17. The firm has a market capitalization of C$881.34 million, a P/E ratio of 4.32, a PEG ratio of 0.80 and a beta of 2.08. 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 one year low of C$15.08 and a one year high of C$19.97.

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.