Onex (TSE:ONEX) Given a C$141.00 Price Target by Royal Bank Of Canada Analysts

Key Points

• Onex has received a target price of C$141.00 from Royal Bank of Canada, indicating a potential upside of 16.08% from its previous close.
• Other analysts such as TD Securities and Scotiabank have set their price targets for Onex at C$148.00 and C$140.00 respectively, with overall sentiments leaning towards a "Moderate Buy" rating.
• As of now, Onex shares are trading at C$121.47, with a 1-year range between C$86.64 and C$126.51.

Onex (TSE:ONEX - Get Free Report) received a C$141.00 target price from stock analysts at Royal Bank Of Canada in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. Royal Bank Of Canada's price objective would suggest a potential upside of 16.08% from the stock's previous close.

Several other equities analysts have also commented on ONEX. TD Securities raised their target price on shares of Onex from C$142.00 to C$148.00 and gave the company a "buy" rating in a report on Friday, August 8th. Scotiabank boosted their price objective on shares of Onex from C$135.00 to C$140.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$139.75.

Onex Stock Performance

Shares of ONEX traded down C$2.02 during mid-day trading on Wednesday, reaching C$121.47. The company's stock had a trading volume of 26,704 shares, compared to its average volume of 146,899. Onex has a 1-year low of C$86.64 and a 1-year high of C$126.51. The stock has a market cap of C$8.33 billion, a P/E ratio of 16.57, a PEG ratio of 1.47 and a beta of 1.14. The business has a 50-day simple moving average of C$117.38 and a two-hundred day simple moving average of C$107.58. The company has a current ratio of 17.51, a quick ratio of 2.41 and a debt-to-equity ratio of 49.85.

Onex Company Profile

Onex Corporation is a private equity investor and asset management firm. The company operates in two main segments: investing, which includes private equity, private credit, and direct investments; and asset and wealth management, which manages pension plans, sovereign wealth funds, insurance companies, and family offices.

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