Onex (TSE:ONEX) had its target price raised by stock analysts at Canaccord Genuity from C$107.00 to C$108.00 in a research note issued on Monday. Canaccord Genuity’s price objective indicates a potential upside of 17.34% from the stock’s current price.
ONEX has been the topic of several other reports. BMO Capital Markets set a C$105.00 target price on shares of Onex and gave the stock an “outperform” rating in a report on Monday, January 15th. CIBC cut their target price on shares of Onex from C$103.00 to C$98.00 in a report on Monday, February 26th. Royal Bank of Canada increased their target price on shares of Onex from C$103.00 to C$105.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. Finally, Scotiabank increased their target price on shares of Onex from C$102.00 to C$104.00 and gave the stock a “sector perform” rating in a report on Monday, February 26th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$104.60.
ONEX traded up C$0.89 during mid-day trading on Monday, hitting C$92.04. The stock had a trading volume of 34,790 shares, compared to its average volume of 122,669. Onex has a 1-year low of C$85.60 and a 1-year high of C$106.05.
Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm makes investments in buyouts, large- middle market, large-cap, mid-cap, and small-cap market and distressed companies. It also invests in recapitalization, growth capital, corporate carve-outs of subsidiaries and mission-critical supply divisions from multinational corporations, operational restructurings of undervalued businesses, and builds up.
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