Desjardins Increases Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Price Target to C$20.00

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its price objective upped by research analysts at Desjardins from C$18.50 to C$20.00 in a research report issued on Thursday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target indicates a potential upside of 40.25% from the company’s current price.

AD.UN has been the subject of a number of other reports. National Bankshares increased their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$23.00 to C$24.50 and gave the stock an “outperform” rating in a research report on Friday, September 1st. CIBC reduced their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$22.00 to C$18.00 in a research report on Thursday, October 26th. Finally, Royal Bank of Canada increased their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$15.00 to C$16.00 and gave the stock a “sector perform” rating in a research report on Thursday.

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

TSE AD.UN opened at C$14.26 on Thursday. The company has a 50 day simple moving average of C$13.95 and a 200-day simple moving average of C$15.00. The company has a debt-to-equity ratio of 38.94, a current ratio of 0.33 and a quick ratio of 2.36. The firm has a market capitalization of C$648.83 million, a price-to-earnings ratio of 6.73, a price-to-earnings-growth ratio of 0.80 and a beta of 1.96. Alaris Equity Partners Income Trust has a 52-week low of C$12.56 and a 52-week high of C$18.83.

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

Alaris Royalty Corp. is a private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments. The firm does not invest in turnarounds and start-ups. It prefers to invest in the companies based in all industries except for those with a declining asset base, such as oil and gas resource companies, or any industry that carry the risk of obsolescence such as high tech and focuses on business services, professional services, information services, healthcare services, distribution & logistics, industrials, consumer products.