Onex (TSE:ONEX) Given New C$150.00 Price Target at Scotiabank

Onex (TSE:ONEX) had its price objective lifted by Scotiabank from C$140.00 to C$150.00 in a research report released on Thursday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other research analysts also recently issued research reports about the company. Royal Bank Of Canada set a C$141.00 target price on Onex and gave the stock a “sector perform” rating in a research note on Wednesday. TD Securities boosted their target price on Onex from C$142.00 to C$148.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$142.25.

Onex Stock Performance

TSE:ONEX opened at C$121.56 on Thursday. The company has a quick ratio of 2.41, a current ratio of 17.51 and a debt-to-equity ratio of 49.85. The firm has a market capitalization of C$8.34 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 1.47 and a beta of 1.14. Onex has a twelve month low of C$86.64 and a twelve month high of C$126.51. The stock’s 50-day simple moving average is C$117.64 and its 200 day simple moving average is C$107.83.

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.