Royal Bank of Canada Raises Wajax (TSE:WJX) Price Target to C$24.00
Wajax (TSE:WJX) had its price target boosted by Royal Bank of Canada from C$22.00 to C$24.00 in a research note released on Monday, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.
WJX has been the subject of several other research reports. Raymond James reissued a market perform rating and set a C$17.50 price target on shares of Wajax in a research report on Monday. BMO Capital Markets reissued a market perform rating and set a C$17.00 price target on shares of Wajax in a research report on Thursday, June 20th.
Wajax stock opened at C$14.90 on Monday. The company has a quick ratio of 0.81, a current ratio of 2.25 and a debt-to-equity ratio of 126.82. The business’s fifty day moving average is C$15.33. The stock has a market capitalization of $311.86 million and a P/E ratio of 8.61. Wajax has a fifty-two week low of C$14.10 and a fifty-two week high of C$28.17.
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: Certificate of Deposit (CD)
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