Scotiabank Issues Positive Forecast for Onex (TSE:ONEX) Stock Price

Onex (TSE:ONEX) had its price objective raised by Scotiabank from C$153.00 to C$175.00 in a research report sent to investors on Friday morning,BayStreet.CA reports.

ONEX has been the topic of several other reports. Royal Bank Of Canada set a C$141.00 target price on Onex and gave the company a “sector perform” rating in a report on Wednesday, October 1st. TD Securities increased their price target on Onex from C$142.00 to C$148.00 and gave the company a “buy” rating in a report on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$152.75.

Onex Stock Performance

Shares of TSE:ONEX opened at C$122.00 on Friday. The company has a market cap of C$8.37 billion, a P/E ratio of 16.64, a PEG ratio of 1.47 and a beta of 1.16. The company has a debt-to-equity ratio of 49.85, a quick ratio of 2.41 and a current ratio of 17.51. Onex has a one year low of C$86.64 and a one year high of C$131.38. The business’s 50-day simple moving average is C$120.20 and its 200 day simple moving average is C$111.44.

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.