Wajax (TSE:WJX) Given New C$23.50 Price Target at Scotiabank

Wajax (TSE:WJX) had its price objective raised by Scotiabank from C$22.00 to C$23.50 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Other analysts have also recently issued reports about the company. BMO Capital Markets raised their price target on Wajax from C$20.00 to C$22.00 in a report on Tuesday. TD Securities lowered their price target on shares of Wajax from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Finally, National Bankshares reduced their price objective on shares of 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.

Wajax Trading Up 2.0 %

TSE WJX opened at C$22.22 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 2.10 and a debt-to-equity ratio of 116.61. The stock has a market capitalization of C$485.61 million, a P/E ratio of 9.11, a P/E/G ratio of 0.50 and a beta of 1.80. Wajax has a 52-week low of C$15.55 and a 52-week high of C$27.49. The firm has a 50-day moving average price of C$17.71 and a 200 day moving average price of C$20.32.

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.