ONEX Co. (ONEX) Given New C$106.00 Price Target at Canaccord Genuity
ONEX Co. (TSE:ONEX) had its price objective cut by equities researchers at Canaccord Genuity from C$107.00 to C$106.00 in a research note issued to investors on Monday. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity’s price objective points to a potential upside of 12.98% from the company’s previous close.
A number of other research firms also recently weighed in on ONEX. Royal Bank Of Canada downgraded shares of ONEX from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$107.00 to C$106.00 in a research report on Monday, July 24th. Scotiabank downgraded shares of ONEX from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$107.00 to C$102.00 in a research report on Friday, August 11th. Finally, 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 report on Friday, August 11th.
Shares of ONEX (ONEX) traded down C$0.46 during trading hours on Monday, reaching C$93.82. 163,586 shares of the company’s stock traded hands, compared to its average volume of 115,236. ONEX has a one year low of C$85.76 and a one 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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