Royal Bank of Canada Raises Wajax (TSE:WJX) Price Target to C$24.00

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Wajax (TSE:WJX) had its price target increased by Royal Bank of Canada from C$22.00 to C$24.00 in a report released on Monday, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research analysts have also recently commented on WJX. BMO Capital Markets restated a market perform rating and set a C$17.00 price objective on shares of Wajax in a research note on Thursday, June 20th. Raymond James restated a market perform rating and set a C$17.50 price objective on shares of Wajax in a research note on Monday.

Shares of WJX opened at C$14.90 on Monday. The stock’s 50-day moving average is C$15.33. The firm has a market capitalization of $311.86 million and a PE ratio of 8.61. Wajax has a 12 month low of C$14.10 and a 12 month high of C$28.17. The company has a debt-to-equity ratio of 126.82, a quick ratio of 0.81 and a current ratio of 2.25.

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.

Further Reading: Diversification For Individual Investors

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