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

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN – Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$23.31 and traded as high as C$24.00. Alaris Equity Partners Income Trust (AD.UN) shares last traded at C$23.89, with a volume of 73,335 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have recently commented on AD.UN. Desjardins lifted their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.50 and gave the stock a “buy” rating in a research note on Friday, August 7th. Canaccord Genuity Group increased their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$27.50 to C$30.00 in a research report on Monday, August 10th. ATB Cormark Capital Markets raised their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$29.00 to C$32.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Finally, National Bank Financial lifted their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$28.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) currently has a consensus rating of “Moderate Buy” and a consensus target price of C$27.53.

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Alaris Equity Partners Income Trust (AD.UN) Stock Down 0.7%

The company’s 50 day moving average price is C$24.49 and its two-hundred day moving average price is C$23.32. The company has a current ratio of 0.60, a quick ratio of 2.36 and a debt-to-equity ratio of 6.33. The stock has a market cap of C$1.07 billion, a P/E ratio of 7.16, a PEG ratio of 0.80 and a beta of 1.14.

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

(Get Free Report)

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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