ONEX’s (OCX) “Sector Perform” Rating Reiterated at Scotiabank
ONEX Co. (TSE:OCX)‘s stock had its “sector perform” rating reissued by analysts at Scotiabank in a report released on Tuesday. They presently have a C$84.00 target price on the stock. Scotiabank’s target price points to a potential upside of 1.69% from the company’s current price.
OCX has been the subject of a number of other research reports. CIBC lifted their target price on ONEX from C$79.00 to C$81.00 in a report on Friday, August 12th. Canaccord Genuity lifted their target price on ONEX from C$85.00 to C$87.00 and gave the company a “buy” rating in a report on Friday, August 12th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a C$84.00 target price on shares of ONEX in a report on Monday, August 29th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of C$86.20.
ONEX (TSE:OCX) traded up 1.04% on Tuesday, hitting $83.46. The stock had a trading volume of 38,252 shares. The company has a 50-day moving average price of $81.94 and a 200-day moving average price of $79.60. The stock’s market capitalization is $8.63 billion. ONEX has a 1-year low of $74.33 and a 1-year high of $87.86.
Onex Corporation is a private equity firm. The Company operates in eight segments: Electronics Manufacturing Services, Healthcare Imaging, Health and Human Services, Building Products, Insurance Services, Packaging Products and Services, Credit Strategies, and Other Businesses. Its Other businesses include aerospace automation, tooling and components, aircraft leasing and management, business services/tradeshows, restaurants, hospital management services, survival equipment and plastics processing equipment.
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