Onex (TSE:ONEX) Price Target Raised to C$150.00

Key Points

• Onex's price target has been raised by Scotiabank from C$140.00 to C$150.00, indicating a potential upside of 23.22% from the previous close.
• The stock currently holds a consensus rating of "Moderate Buy", with three analysts rating it as a buy and one as a hold.
• Onex shares have recently traded at C$121.73, having risen 1.0% during trading hours, reflecting its robust performance in the market.

Onex (TSE:ONEX - Get Free Report) had its target price boosted by investment analysts at Scotiabank from C$140.00 to C$150.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Scotiabank's target price suggests a potential upside of 23.22% from the stock's previous close.

ONEX has been the subject of several other reports. Royal Bank Of Canada set a C$141.00 price target on shares of Onex and gave the stock a "sector perform" rating in a research note on Wednesday. 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 research report on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Onex has a consensus rating of "Moderate Buy" and an average price target of C$142.25.

Onex Stock Up 1.0%

Shares of ONEX stock traded up C$1.16 during trading hours on Thursday, hitting C$121.73. 38,606 shares of the company were exchanged, compared to its average volume of 146,495. The business has a 50 day moving average of C$117.49 and a two-hundred day moving average of C$107.67. 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 has a 52 week low of C$86.64 and a 52 week high of C$126.51. The company has a market capitalization of C$8.35 billion, a PE ratio of 16.61, a PEG ratio of 1.47 and a beta of 1.14.

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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