Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Price Target Raised at Canaccord Genuity Group

Key Points

• Canaccord Genuity raised its price target for Alaris Equity Partners Income Trust to C$30.25 from C$30.00 while maintaining a “buy” rating, implying 29.55% upside from the previous close.
• Analyst sentiment is broadly positive: eight analysts rate the stock a Buy and one rates it Hold, producing a “Moderate Buy” consensus and an average target of C$27.72. Several firms also recently increased their targets, with ATB Cormark setting the highest at C$32.00.
• Shares opened at C$23.35, with a market capitalization of approximately C$1.07 billion and a 52-week trading range of C$17.92 to C$26.31.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report) had its price target increased by Canaccord Genuity Group from C$30.00 to C$30.25 in a research note issued on Wednesday, BayStreet reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's target price suggests a potential upside of 29.55% from the company's previous close.

Other research analysts have also issued research reports about the company. National Bank Financial raised their target price on Alaris Equity Partners Income Trust (AD.UN) from C$30.50 to C$31.50 and gave the company an "outperform" rating in a report on Wednesday. ATB Cormark Capital Markets increased their price target on Alaris Equity Partners Income Trust (AD.UN) from C$29.00 to C$32.00 and gave the company an "outperform" rating in a research report on Wednesday, July 22nd. Desjardins lifted their price objective 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 report on Wednesday. Finally, Stifel Nicolaus raised 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 assigned a Hold rating to the company's stock. According to MarketBeat, Alaris Equity Partners Income Trust (AD.UN) currently has an average rating of "Moderate Buy" and an average target price of C$27.72.

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

Shares of TSE AD.UN opened at C$23.35 on Wednesday. Alaris Equity Partners Income Trust has a fifty-two week low of C$17.92 and a fifty-two week high of C$26.31. The stock has a market cap of C$1.07 billion, a price-to-earnings ratio of 7.12, a PEG ratio of 0.80 and a beta of 1.14. The company has a debt-to-equity ratio of 6.33, a quick ratio of 2.36 and a current ratio of 0.60. The firm's 50-day simple moving average is C$24.36 and its 200 day simple moving average is C$23.38.

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.

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