ONEX Co. (ONEX) Price Target Cut to C$106.00
ONEX Co. (TSE:ONEX) had its price target decreased by equities researchers at Canaccord Genuity from C$107.00 to C$106.00 in a report issued on Monday. The firm presently has a “buy” rating on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 15.27% from the stock’s previous close.
Other equities analysts also recently issued reports about the stock. CIBC decreased their price target on shares of ONEX from C$104.00 to C$103.00 and set a “neutral” rating for the company in a research note on Friday, August 11th. Royal Bank Of Canada increased their price target on shares of ONEX from C$106.00 to C$109.00 and gave the stock a “sector perform” rating in a research note on Friday, August 11th. Finally, Scotiabank downgraded shares of ONEX from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from C$107.00 to C$102.00 in a research note on Friday, August 11th.
ONEX (TSE:ONEX) opened at C$91.96 on Monday. ONEX has a one year low of C$86.45 and a one year high of C$106.05.
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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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