Scotiabank Boosts Onex (TSE:ONEX) Price Target to C$175.00

Onex (TSE:ONEX) had its target price raised by investment analysts at Scotiabank from C$153.00 to C$175.00 in a research note issued on Friday,BayStreet.CA reports. Scotiabank’s target price indicates a potential upside of 43.44% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. TD Securities increased their price target on shares of Onex from C$142.00 to C$148.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Royal Bank Of Canada set a C$141.00 price objective on Onex and gave the company a “sector perform” rating in a report on Wednesday, October 1st. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Onex currently has a consensus rating of “Moderate Buy” and an average target price of C$152.75.

Onex Trading Down 0.4%

Shares of ONEX opened at C$122.00 on Friday. 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 12-month low of C$86.64 and a 12-month high of C$131.38. The firm has a 50-day moving average price of C$120.20 and a 200 day moving average price of C$111.57. The firm has a market capitalization of C$8.37 billion, a P/E ratio of 16.64, a P/E/G ratio of 1.47 and a beta of 1.16.

About Onex

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.