Royal Bank Of Canada Increases Wajax Corp (WJX) Price Target to C$25.00
Wajax Corp (TSE:WJX) had its price target lifted by investment analysts at Royal Bank Of Canada from C$19.00 to C$25.00 in a report issued on Tuesday. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 7.30% from the company’s current price.
WJX has been the topic of several other reports. BMO Capital Markets reiterated a “market perform” rating and issued a C$18.00 price target on shares of Wajax Corp in a research report on Wednesday, November 2nd. Raymond James Financial Inc. dropped their price target on shares of Wajax Corp from C$16.00 to C$15.00 and set a “market perform” rating on the stock in a research report on Monday, August 8th. Scotiabank boosted their price target on shares of Wajax Corp from C$16.50 to C$18.00 and gave the stock a “sector perform” rating in a research report on Monday, August 8th. Finally, TD Securities upgraded shares of Wajax Corp from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$16.00 to C$21.00 in a research report on Wednesday, November 2nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of C$19.83.
Wajax Corp (TSE:WJX) traded up 0.21% on Tuesday, reaching $23.35. 14,764 shares of the company’s stock traded hands. The stock has a 50-day moving average of $17.64 and a 200 day moving average of $15.79. The firm’s market capitalization is $462.12 million. Wajax Corp has a 52 week low of $13.34 and a 52 week high of $24.30.
About Wajax Corp
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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