Royal Bank of Canada Boosts Onex (ONEX) Price Target to C$108.00

Onex (TSE:ONEX) had its price objective increased by Royal Bank of Canada from C$107.00 to C$108.00 in a research report sent to investors on Monday morning. Royal Bank of Canada currently has an outperform rating on the stock.

Several other equities research analysts also recently issued reports on the stock. Scotiabank lifted their price target on shares of Onex from C$102.00 to C$104.00 and gave the stock a sector perform rating in a research note on Monday, February 26th. BMO Capital Markets set a C$105.00 price target on shares of Onex and gave the stock an outperform rating in a research note on Monday, January 15th. Canaccord Genuity lifted their price target on shares of Onex from C$106.00 to C$107.00 in a research note on Monday, February 26th. Finally, CIBC dropped their price target on shares of Onex from C$103.00 to C$98.00 in a research note on Monday, February 26th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of C$104.60.

Get Onex alerts:

Shares of Onex opened at C$93.30 on Monday, MarketBeat reports. Onex has a 52 week low of C$85.60 and a 52 week high of C$106.05.

The company also recently declared a quarterly dividend, which was paid on Monday, April 30th. Investors of record on Monday, April 30th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend was Monday, April 9th.

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.

Analyst Recommendations for Onex (TSE:ONEX)

Leave a Reply

Your email address will not be published. Required fields are marked *