ONEX Co. (TSE:ONEX) had its price target reduced by stock analysts at CIBC from C$104.00 to C$103.00 in a research report issued to clients and investors on Friday. The brokerage presently has a “neutral” rating on the stock. CIBC’s target price indicates a potential upside of 2.54% from the stock’s previous close.

ONEX has been the topic of a number of other research reports. Royal Bank Of Canada lowered their price objective on ONEX from C$110.00 to C$107.00 and set an “outperform” rating on the stock in a report on Friday, June 16th. Scotiabank lifted their price objective on ONEX from C$105.00 to C$107.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Finally, Canaccord Genuity lifted their price objective on ONEX from C$108.00 to C$111.00 and gave the company a “buy” rating in a report on Monday, May 15th.

Shares of ONEX (TSE:ONEX) traded down 5.82% during trading on Friday, hitting $94.60. The stock had a trading volume of 156,269 shares. The stock’s 50-day moving average is $102.22 and its 200-day moving average is $97.51. The stock’s market cap is $9.65 billion. ONEX has a 12-month low of $77.55 and a 12-month high of $106.05.

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ONEX Company Profile

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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