Wajax (TSE:WJX) had its price objective dropped by research analysts at Royal Bank of Canada from C$29.00 to C$27.00 in a report issued on Thursday. Royal Bank of Canada’s target price indicates a potential upside of 42.56% from the stock’s current price.
A number of other research firms also recently issued reports on WJX. TD Securities boosted their target price on shares of Wajax from C$33.00 to C$35.00 and gave the company a “buy” rating in a research report on Wednesday, October 17th. Raymond James dropped their target price on shares of Wajax from C$29.50 to C$26.50 and set a “market perform” rating on the stock in a research report on Monday, October 22nd. Finally, BMO Capital Markets dropped their target price on shares of Wajax from C$29.00 to C$27.00 in a research report on Wednesday, November 7th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Wajax presently has a consensus rating of “Buy” and an average price target of C$29.60.
Shares of Wajax stock traded down C$0.26 during trading on Thursday, reaching C$18.94. 21,664 shares of the company traded hands, compared to its average volume of 43,708. The company has a quick ratio of 0.86, a current ratio of 2.24 and a debt-to-equity ratio of 63.09. Wajax has a 1-year low of C$15.43 and a 1-year high of C$28.17. The company has a market capitalization of $389.76 million and a PE ratio of 9.43.
Wajax Company Profile
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.
See Also: What is the Bid-Ask Spread?
Receive News & Ratings for Wajax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wajax and related companies with MarketBeat.com's FREE daily email newsletter.