Dexterra Group (TSE:DXT) Sets New 12-Month High After Analyst Upgrade

Dexterra Group Inc. (TSE:DXT)’s share price reached a new 52-week high during trading on Thursday after Raymond James Financial raised their price target on the stock from C$18.50 to C$20.00. Raymond James Financial currently has an outperform rating on the stock. Dexterra Group traded as high as C$16.10 and last traded at C$16.10, with a volume of 38970 shares. The stock had previously closed at C$15.24.

A number of other equities analysts also recently commented on DXT. Scotia upped their price objective on shares of Dexterra Group from C$14.00 to C$14.50 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. 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 report on Tuesday, July 21st. ATB Cormark Capital Markets boosted 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. Finally, Canaccord Genuity Group increased their price target on shares of Dexterra Group from C$18.00 to C$21.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$19.10.

Dexterra Group Stock Up 7.2%

The company has a market cap of C$1.02 billion, a PE ratio of 23.67, a P/E/G ratio of 0.90 and a beta of 0.26. The firm has a 50-day simple moving average of C$14.50 and a two-hundred day simple moving average of C$13.36. 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 announced its earnings results on Tuesday, August 4th. The company reported C$0.20 earnings per share for the quarter. The firm had revenue of C$269.21 million during the quarter. Dexterra Group had a net margin of 4.01% and a return on equity of 15.18%. Research analysts anticipate that Dexterra Group Inc. will post 0.7094298 earnings per share for the current fiscal 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.