Wajax Corp (TSE:WJX) Given Consensus Rating of “Hold” by Analysts
Shares of Wajax Corp (TSE:WJX) have been assigned a consensus rating of “Hold” from the six brokerages that are presently covering the firm. Five equities research analysts have rated the stock with a hold recommendation. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$16.50.
A number of research analysts recently commented on WJX shares. Scotiabank reduced their price target on Wajax Corp from C$19.00 to C$16.50 and set a “sector perform” rating for the company in a report on Tuesday, July 26th. Royal Bank Of Canada reissued a “sector perform” rating and issued a C$17.00 price target on shares of Wajax Corp in a report on Thursday, June 23rd. Raymond James Financial Inc. reduced their price target on Wajax Corp from C$16.00 to C$15.00 and set a “market perform” rating for the company in a report on Monday, August 8th. BMO Capital Markets reduced their price target on Wajax Corp from C$17.00 to C$16.00 in a report on Monday, August 8th. Finally, TD Securities reduced their price target on Wajax Corp from C$17.50 to C$16.00 and set a “hold” rating for the company in a report on Monday, August 8th.
Shares of Wajax Corp (TSE:WJX) opened at 14.62 on Thursday. The stock’s market capitalization is $290.50 million. Wajax Corp has a 1-year low of $13.34 and a 1-year high of $25.82. The company has a 50 day moving average price of $15.02 and a 200-day moving average price of $15.91.
About Wajax Corp
Wajax Corporation is a Canada-based distributor engaged in the sale and service support of mobile equipment, power systems and industrial components. The Company’s Equipment business is engaged in distribution, rental, modification and servicing of mobile equipment from manufacturers. Its Power Systems business is engaged in distribution, sales, service of heavy-duty engines, transmissions, and power generation product sales, service, and rentals across Canada.
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