Dexterra Group (TSE:DXT) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Dexterra Group Inc. (TSE:DXT)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$13.17 and traded as high as C$14.00. Dexterra Group shares last traded at C$13.77, with a volume of 28,956 shares changing hands.

Wall Street Analysts Forecast Growth

DXT has been the topic of a number of recent analyst reports. ATB Cormark Capital Markets increased their target price on Dexterra Group from C$14.25 to C$19.50 and gave the stock an “outperform” rating in a research note on Wednesday, June 24th. Canaccord Genuity Group boosted their target price on shares of Dexterra Group from C$18.00 to C$21.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Scotia raised their price target 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, National Bank Financial raised their price target on shares of Dexterra Group from C$16.50 to C$20.50 and gave the stock an “outperform” rating in a research note on Tuesday, July 21st. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Dexterra Group currently has an average rating of “Moderate Buy” and a consensus target price of C$17.40.

Dexterra Group Stock Up 0.4%

The stock has a market cap of C$862.17 million, a PE ratio of 20.00, a price-to-earnings-growth ratio of 0.90 and a beta of 0.41. The business has a fifty day moving average of C$14.32 and a 200-day moving average of C$13.18. The company has a debt-to-equity ratio of 76.31, a current ratio of 1.32 and a quick ratio of 1.28.

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