Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Hits New 52-Week High – Time to Buy?

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UNGet Free Report)’s stock price reached a new 52-week high on Thursday . The stock traded as high as C$20.78 and last traded at C$20.68, with a volume of 37450 shares changing hands. The stock had previously closed at C$20.42.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Royal Bank Of Canada boosted their price target on Alaris Equity Partners Income Trust (AD.UN) from C$20.00 to C$21.00 and gave the stock a “sector perform” rating in a research report on Friday, November 7th. Desjardins boosted their price target on Alaris Equity Partners Income Trust (AD.UN) from C$24.50 to C$25.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, Raymond James Financial upped their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$24.00.

Check Out Our Latest Stock Report on AD.UN

Alaris Equity Partners Income Trust (AD.UN) Trading Up 1.4%

The firm has a fifty day moving average price of C$19.44 and a 200-day moving average price of C$19.04. The company has a debt-to-equity ratio of 6.33, a current ratio of 0.60 and a quick ratio of 2.36. The company has a market capitalization of C$938.52 million, a P/E ratio of 5.85, a price-to-earnings-growth ratio of 0.80 and a beta of 1.32.

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

(Get Free Report)

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.

Further Reading

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