ONEX Co. (ONEX) PT Lowered to C$103.00 at CIBC

ONEX Co. (TSE:ONEX) had its price objective cut by stock analysts at CIBC from C$104.00 to C$103.00 in a report issued on Friday. The firm presently has a “neutral” rating on the stock. CIBC’s target price suggests a potential upside of 7.57% from the stock’s previous close.

A number of other brokerages have also issued reports on ONEX. Royal Bank Of Canada lowered shares of ONEX from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$107.00 to C$106.00 in a research note on Monday, July 24th. Canaccord Genuity boosted their target price on shares of ONEX from C$108.00 to C$111.00 and gave the company a “buy” rating in a research note on Monday, May 15th. Finally, Scotiabank boosted their target price on shares of ONEX from C$105.00 to C$107.00 and gave the company an “outperform” rating in a research note on Monday, May 15th.

Shares of ONEX (ONEX) opened at 95.75 on Friday. The stock has a market cap of $9.76 billion and a PE ratio of 6.42. ONEX has a 12 month low of $78.09 and a 12 month high of $106.05. The firm’s 50-day moving average is $102.08 and its 200 day moving average is $97.57.

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About ONEX

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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