Dexterra Group (TSE:DXT) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Shares of Dexterra Group Inc. (TSE:DXT) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$13.22 and traded as high as C$13.80. Dexterra Group shares last traded at C$13.72, with a volume of 28,043 shares trading hands.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Canaccord Genuity Group raised their target price on shares of Dexterra Group from C$18.00 to C$21.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. ATB Cormark Capital Markets upped their price target on shares of 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. National Bank Financial lifted their target price on shares of Dexterra Group from C$16.50 to C$20.50 and gave the company an “outperform” rating in a research note on Tuesday, July 21st. Finally, Scotia lifted 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. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Dexterra Group presently has an average rating of “Moderate Buy” and a consensus target price of C$17.40.

Dexterra Group Stock Performance

The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 76.31. The stock has a market capitalization of C$865.92 million, a P/E ratio of 20.09, a PEG ratio of 0.90 and a beta of 0.41. The company has a 50-day moving average price of C$14.43 and a two-hundred day moving average price of C$13.22.

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

Dexterra Group Company Profile

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.