Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Shares Pass Above 200-Day Moving Average – What’s Next?

Shares of Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$18.91 and traded as high as C$20.02. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$20.00, with a volume of 77,450 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AD.UN shares. Royal Bank Of Canada lifted their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$20.00 to C$21.00 and gave the company a “sector perform” rating in a report on Friday, November 7th. Desjardins lifted their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$24.50 to C$25.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, Raymond James Financial upped their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$25.00 to C$26.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$25.00.

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

The company has a market cap of C$906.78 million, a PE ratio of 5.65, a P/E/G ratio of 0.80 and a beta of 1.34. 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 stock’s 50-day simple moving average is C$19.13 and its 200 day simple moving average is C$18.91.

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.