Dexterra Group (TSE:DXT) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Dexterra Group Inc. (TSE:DXT)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$13.20 and traded as high as C$13.52. Dexterra Group shares last traded at C$13.48, with a volume of 20,885 shares trading hands.

Analyst Ratings Changes

A number of brokerages have weighed in on DXT. Canaccord Genuity Group lifted their target price on Dexterra Group from C$18.00 to C$21.00 and gave the stock a “buy” rating in a report on Friday, July 24th. National Bank Financial raised their price objective on shares of Dexterra Group from C$16.50 to C$20.50 and gave the stock an “outperform” rating in a research report on Tuesday, July 21st. Scotia increased their target price on shares of Dexterra Group from C$14.00 to C$14.50 and gave the stock a “sector perform” rating in a research note on Wednesday, August 5th. Finally, ATB Cormark Capital Markets lifted their price target on shares of Dexterra Group from C$14.25 to C$19.50 and gave the company an “outperform” rating in a research note on Wednesday, June 24th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$17.40.

Dexterra Group Price Performance

The company has a debt-to-equity ratio of 76.31, a current ratio of 1.32 and a quick ratio of 1.28. The business’s fifty day moving average price is C$14.38 and its 200-day moving average price is C$13.20. The stock has a market capitalization of C$859.67 million, a price-to-earnings ratio of 19.94, a PEG ratio of 0.90 and a beta of 0.41.

Dexterra Group (TSE:DXT) last announced its quarterly earnings results on Tuesday, August 4th. The company reported C$0.20 earnings per share for the quarter. The business had revenue of C$269.21 million for the quarter. Dexterra Group had a net margin of 4.01% and a return on equity of 15.18%. On average, research analysts forecast that Dexterra Group Inc. will post 0.7094298 EPS for the current year.

About Dexterra Group

Dexterra employs more than 9,000 people, delivering a range of support services for the creation, management, and operation of infrastructure across Canada and the U.S. Powered by people, Dexterra brings best-in-class regional expertise to every challenge and delivers innovative solutions, giving clients confidence in their day-to-day operations. Activities include a comprehensive range of integrated facilities management services, industry-leading workforce accommodation solutions, and other support services for diverse clients in the public and private sectors.