Wajax Corp (WJX) Stock Rating Reaffirmed by Scotiabank
Wajax Corp (TSE:WJX)‘s stock had its “outperform” rating restated by equities researchers at Scotiabank in a report released on Wednesday. They presently have a C$20.00 price objective on the stock. Scotiabank’s price objective points to a potential downside of 12.20% from the company’s previous close.
WJX has been the topic of several other research reports. BMO Capital Markets reaffirmed a “market perform” rating and set a C$18.00 price target on shares of Wajax Corp in a research note on Wednesday, November 2nd. TD Securities raised shares of Wajax Corp from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$16.00 to C$21.00 in a research note on Wednesday, November 2nd. Raymond James Financial Inc. lifted their price target on shares of Wajax Corp from C$15.00 to C$18.00 in a research note on Wednesday, November 2nd. Finally, Royal Bank Of Canada lifted their price target on shares of Wajax Corp from C$15.00 to C$19.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 2nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of C$18.83.
Wajax Corp (TSE:WJX) traded up 5.36% on Wednesday, reaching $24.00. The company had a trading volume of 62,693 shares. The firm has a 50-day moving average of $16.63 and a 200-day moving average of $15.59. Wajax Corp has a 12 month low of $13.34 and a 12 month high of $24.30. The stock’s market capitalization is $474.98 million.
Wajax Corp Company Profile
Wajax Corporation is a Canada-based distributor engaged in the sale and service support of mobile equipment, power systems and industrial components. The Company’s Equipment business is engaged in distribution, rental, modification and servicing of mobile equipment from manufacturers. Its Power Systems business is engaged in distribution, sales, service of heavy-duty engines, transmissions, and power generation product sales, service, and rentals across Canada.
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