Scotiabank Reiterates “C$84.00” Price Target for ONEX Co. (OCX)
ONEX Co. (TSE:OCX) has been given a C$84.00 price objective by equities research analysts at Scotiabank in a research note issued on Tuesday. The brokerage presently has a a “sector perform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 1.69% from the company’s current price.
OCX has been the subject of several other reports. CIBC upped their price target on shares of ONEX from C$79.00 to C$81.00 in a report on Friday, August 12th. Canaccord Genuity upped their price target on shares of ONEX from C$85.00 to C$87.00 and gave the stock a “buy” rating in a report on Friday, August 12th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a C$84.00 price target on shares of ONEX in a report on Monday, August 29th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. ONEX presently has an average rating of “Hold” and an average target price of C$86.20.
ONEX (TSE:OCX) traded up 1.04% during mid-day trading on Tuesday, hitting $83.46. The company’s stock had a trading volume of 38,252 shares. The firm’s market cap is $8.63 billion. ONEX has a 52-week low of $74.33 and a 52-week high of $87.86. The firm has a 50 day moving average of $81.94 and a 200-day moving average of $79.60.
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Onex Corporation is a private equity firm. The Company operates in eight segments: Electronics Manufacturing Services, Healthcare Imaging, Health and Human Services, Building Products, Insurance Services, Packaging Products and Services, Credit Strategies, and Other Businesses. Its Other businesses include aerospace automation, tooling and components, aircraft leasing and management, business services/tradeshows, restaurants, hospital management services, survival equipment and plastics processing equipment.
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