Wajax (TSE:WJX) Price Target Raised to C$22.00

Wajax (TSE:WJX) had its target price raised by BMO Capital Markets from C$20.00 to C$22.00 in a research note published on Tuesday morning,BayStreet.CA reports.

Other research analysts have also recently issued research reports about the stock. TD Securities reduced their target price on shares of Wajax from C$22.00 to C$21.00 and set a “buy” rating for the company in a report on Thursday, April 24th. National Bankshares reduced their price objective on Wajax from C$22.00 to C$20.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 9th. Finally, Scotiabank downgraded Wajax from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$24.00 to C$22.00 in a research note on Wednesday, March 5th.

Wajax Trading Up 3.2 %

TSE WJX opened at C$21.79 on Tuesday. The stock has a market cap of C$476.21 million, a P/E ratio of 8.93, a P/E/G ratio of 0.50 and a beta of 1.80. The company has a current ratio of 2.10, a quick ratio of 0.71 and a debt-to-equity ratio of 116.61. Wajax has a 12-month low of C$15.55 and a 12-month high of C$27.49. The company has a fifty day simple moving average of C$17.61 and a two-hundred day simple moving average of C$20.31.

Wajax Company Profile

Wajax Corp is a Canadian distributor of industrial components. The company’s core business is the sale of parts and service support of equipment, power systems, and industrial components through a network of branches in Canada. Most of its revenue is generated from the sale of equipment which includes machinery and components used for construction purposes and its industrial components find utility in businesses like mining, forestry, and material handling for other industrial purposes.