BMO Capital Markets Lowers Wajax (TSE:WJX) Price Target to C$23.00

Wajax (TSE:WJXGet Rating) had its price target cut by analysts at BMO Capital Markets from C$25.00 to C$23.00 in a research report issued on Wednesday, BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 15.58% from the stock’s previous close.

Separately, Scotiabank upped their price objective on Wajax from C$23.50 to C$25.00 in a research note on Wednesday.

Wajax Stock Up 1.2 %

WJX stock opened at C$19.90 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 1.73 and a debt-to-equity ratio of 70.05. The company has a market cap of C$425.86 million and a PE ratio of 7.29. Wajax has a 52 week low of C$17.25 and a 52 week high of C$28.36. The business has a 50-day simple moving average of C$19.06 and a 200 day simple moving average of C$20.46.

About Wajax

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Wajax Corporation provides sales, parts, and services to construction, forestry, mining, industrial/commercial, oil sands, transportation, metal processing, government, utilities, and oil and gas sectors. The company offers compact excavators, dump trucks, excavators, wheel loaders, and wheeled excavators; aerial devices, boom lifts, cranes, digger derricks, drills, lifts, and material and scissor lifts; engines and transmissions; and feller bunchers, felling heads, flail debarkers, forestry processors, forwarders, grinders, log loaders, skidders, track and wheel harvesters, and wood chippers.

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