Scotiabank Maintains Their Hold Rating on Wajax Corporation

By Jason Carr

Wall Street analyst has provided a review for the Services company yesterday, but retained the same rating on the stock. Scotiabank’s analyst Michael Doumet reiterates their Hold rating on the shares of Wajax Corporation (TSX: WJX), with a C$26 price target.

Doumet has an average return of 46.1% when recommending Wajax Corporation.

According to TipRanks.com, Doumet is ranked #1154 out of 4618 analysts.

Wajax Corporation has an analyst consensus of Moderate Buy, with a price target consensus of C$27.50.

Wajax Corporation’s market cap is currently C$432.8M and has a P/E ratio of 16.3.

Wajax Corp. engages in the sale, rental, and distribution of industrial products and services. It operates through the following segments: Mobile Equipment, Power Systems, and Industrial Components. The Equipment segment distributes, rents, and modifies mobile equipment.

The company’s shares closed on Monday at C$20.69.