Wajax Co. (TSE:WJX – Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$24.63 and traded as high as C$28.07. Wajax shares last traded at C$27.87, with a volume of 16,647 shares.
Analyst Upgrades and Downgrades
WJX has been the topic of several research reports. Scotiabank increased their target price on Wajax from C$29.00 to C$30.00 in a research report on Wednesday, May 3rd. TD Securities increased their target price on Wajax from C$31.00 to C$37.00 and gave the stock a “buy” rating in a research report on Monday, August 14th. Finally, BMO Capital Markets raised their price objective on Wajax from C$29.00 to C$30.00 in a research report on Monday, August 14th.
Wajax Stock Up 0.7 %
Wajax Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 15th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.70%. The ex-dividend date is Thursday, September 14th. Wajax’s dividend payout ratio (DPR) is presently 36.16%.
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, forwarders, grinders, harvesting heads, log loaders, skidders, track and wheel harvesters, and woodchippers.
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