ONEX (ONEX) Stock Rating Upgraded by Royal Bank of Canada
Royal Bank of Canada upgraded shares of ONEX (TSE:ONEX) from a sector perform rating to an outperform rating in a research note published on Thursday. They currently have C$102.00 target price on the stock, down from their previous target price of C$106.00.
Separately, Canaccord Genuity reduced their price target on shares of ONEX from C$107.00 to C$106.00 and set a buy rating on the stock in a report on Monday, November 13th.
Shares of ONEX (ONEX) traded down C$0.57 during midday trading on Thursday, hitting C$89.58. 172,479 shares of the company’s stock traded hands, compared to its average volume of 121,008. ONEX has a 12 month low of C$86.45 and a 12 month high of C$106.05. The stock has a market capitalization of $9,170.00, a P/E ratio of -6.50 and a beta of 0.15.
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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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