Royal Bank of Canada Boosts Wajax (TSE:WJX) Price Target to C$24.00
Wajax (TSE:WJX) had its price target raised by Royal Bank of Canada from C$22.00 to C$24.00 in a research report released on Monday, BayStreet.CA reports. They currently have an outperform rating on the stock.
Other equities research analysts have also issued research reports about the company. Raymond James reaffirmed a market perform rating and issued a C$17.50 price objective on shares of Wajax in a report on Monday. BMO Capital Markets reaffirmed a market perform rating and issued a C$17.00 price objective on shares of Wajax in a report on Thursday, June 20th.
Shares of WJX opened at C$14.74 on Monday. Wajax has a twelve month low of C$14.10 and a twelve month high of C$28.17. The stock’s 50 day moving average is C$15.31 and its two-hundred day moving average is C$16.54. The firm has a market capitalization of $294.86 million and a PE ratio of 8.52. The company has a current ratio of 2.25, a quick ratio of 0.81 and a debt-to-equity ratio of 126.82.
Wajax Corporation, an integrated distribution company, provides sales, parts, and services to transportation, forestry, industrial and commercial, construction, oil sands, mining, metal processing, government, utilities, and oil and gas sectors. The company provides construction, material-handling, crane and utility, forestry, and mining and oil sands equipment.
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