Dexterra Group (TSE:DXT) Sets New 52-Week High – Here’s What Happened

Shares of Dexterra Group Inc. (TSE:DXT) reached a new 52-week high during trading on Friday. The stock traded as high as C$18.30 and last traded at C$18.35, with a volume of 65,410 shares changing hands. The stock had previously closed at C$17.88.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DXT. National Bank Financial lifted their target price 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. Raymond James Financial upped their price target on shares of Dexterra Group from C$18.50 to C$20.00 and gave the company an “outperform” rating in a research report on Thursday, September 24th. ATB Cormark Capital Markets upped their price target on shares of Dexterra Group from C$19.50 to C$25.00 and gave the company an “outperform” rating in a research report on Tuesday, October 13th. Scotia raised their price objective on Dexterra Group from C$14.00 to C$14.50 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. Finally, Canaccord Genuity Group lifted their price objective 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. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$20.20.

Dexterra Group Price Performance

The firm has a 50-day simple moving average of C$15.84 and a 200 day simple moving average of C$13.85. The firm has a market cap of C$1.15 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 0.90 and a beta of 0.06. 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 earnings results on Tuesday, August 4th. The company reported C$0.20 EPS for the quarter. The firm 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%. As a group, equities analysts expect that Dexterra Group Inc. will post 0.71 EPS 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.