ONEX Co. (ONEX) Rating Lowered to Sector Perform at Royal Bank Of Canada

Royal Bank Of Canada cut shares of ONEX Co. (TSE:ONEX) from an outperform rating to a sector perform rating in a report released on Monday, July 24th. The firm currently has C$106.00 price target on the stock, down from their prior price target of C$107.00.

ONEX has been the subject of several other reports. Scotiabank reissued an outperform rating and set a C$105.00 target price on shares of ONEX in a research report on Wednesday, April 12th. CIBC boosted their target price on shares of ONEX from C$102.00 to C$104.00 and gave the stock a neutral rating in a research report on Monday, May 15th. Finally, Canaccord Genuity boosted their target price on shares of ONEX from C$108.00 to C$111.00 and gave the stock a buy rating in a research report on Monday, May 15th.

ONEX (ONEX) opened at 101.94 on Monday. The firm’s market capitalization is $10.40 billion. The stock’s 50 day moving average is $101.75 and its 200-day moving average is $96.98. ONEX has a 1-year low of $77.53 and a 1-year high of $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.