CIBC Raises Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Price Target to C$27.00

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its price target raised by CIBC from C$24.00 to C$27.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s target price would indicate a potential upside of 38.25% from the company’s previous close.

Alaris Equity Partners Income Trust (AD.UN) Stock Up 0.5 %

TSE AD.UN opened at C$19.53 on Wednesday. Alaris Equity Partners Income Trust has a 52 week low of C$15.08 and a 52 week high of C$19.97. The company has a quick ratio of 2.36, a current ratio of 0.60 and a debt-to-equity ratio of 6.33. The company has a market capitalization of C$888.62 million, a P/E ratio of 4.35, a price-to-earnings-growth ratio of 0.80 and a beta of 2.08. The stock’s 50-day moving average price is C$18.89 and its 200-day moving average price is C$17.22.

Insider Buying and Selling at Alaris Equity Partners Income Trust (AD.UN)

In related news, Senior Officer Matthew Mcintyre sold 5,419 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of C$19.00, for a total value of C$102,961.00. Insiders own 2.23% of the company’s stock.

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.