Dexterra Group (TSE:DXT) Sets New 52-Week High - Time to Buy?

Dexterra Group Inc. (TSE:DXT - Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as C$9.02 and last traded at C$9.02, with a volume of 14200 shares changing hands. The stock had previously closed at C$8.93.

Analysts Set New Price Targets

Separately, National Bankshares boosted their target price on shares of Dexterra Group from C$11.00 to C$11.50 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th.

Dexterra Group Price Performance

The stock has a market capitalization of C$582.94 million, a price-to-earnings ratio of 46.63, a P/E/G ratio of 0.90 and a beta of 1.02. The company has a quick ratio of 1.28, a current ratio of 1.46 and a debt-to-equity ratio of 42.46. The stock has a fifty day moving average of C$8.58 and a 200-day moving average of C$8.06.

Dexterra Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were given a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend was Monday, March 31st. This is an increase from Dexterra Group's previous quarterly dividend of $0.09. Dexterra Group's payout ratio is currently 178.18%.

Insider Activity

In other news, Senior Officer Jeffrey Litchfield sold 18,692 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of C$8.59, for a total value of C$160,564.28. Company insiders own 51.55% of the company's stock.

Dexterra Group Company Profile

Dexterra Group Inc engages in the provision of support services for the creation, management, and operation of infrastructure in Canada. It operates through three segments: Integrated Facilities Management (IFM); Modular Solutions; and Workforce Accommodations, Forestry and Energy Services (WAFES). The IFM segment delivers operation and maintenance solutions for built assets and infrastructure in the public and private sectors, including aviation, defense, education, rail, healthcare, and leisure.