Wajax (TSE:WJX) Price Target Raised to C$25.00

Wajax (TSE:WJX) had its price target raised by BMO Capital Markets from C$22.00 to C$25.00 in a research report released on Tuesday,BayStreet.CA reports.

Several other analysts have also issued reports on the company. Scotiabank upped their target price on Wajax from C$22.00 to C$23.50 and gave the stock a “sector perform” rating in a research note on Wednesday, May 7th. TD Securities cut Wajax from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 27th. Finally, National Bankshares dropped their price objective on Wajax from C$22.00 to C$20.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 9th.

Wajax Stock Down 0.3%

Shares of TSE WJX opened at C$23.30 on Tuesday. Wajax has a 12 month low of C$15.55 and a 12 month high of C$26.93. The company has a current ratio of 2.10, a quick ratio of 0.71 and a debt-to-equity ratio of 116.61. The firm has a market capitalization of C$509.21 million, a price-to-earnings ratio of 9.55, a PEG ratio of 0.50 and a beta of 1.80. The business has a 50-day moving average of C$23.00 and a 200-day moving average of C$20.51.

About Wajax

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.