ONEX (ONEX) Upgraded to “Outperform” at Royal Bank of Canada

ONEX (TSE:ONEX) was upgraded by research analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research report issued on Thursday. The firm currently has a C$102.00 price target on the stock, down from their previous price target of C$106.00. Royal Bank of Canada’s price objective would indicate a potential upside of 13.86% from the stock’s current price.

Separately, Canaccord Genuity reduced their target price on shares of ONEX from C$107.00 to C$106.00 and set a “buy” rating on the stock in a report on Monday, November 13th.

Shares of ONEX (TSE ONEX) opened at C$89.58 on Thursday. The company has a market cap of $9,170.00, a PE ratio of -6.50 and a beta of 0.15. ONEX has a 12 month low of C$86.45 and a 12 month high of C$106.05.

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ONEX Company Profile

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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