Dexterra Group (TSE:DXT) Price Target Raised to C$14.50

Key Points

• Scotia raised Dexterra Group’s price target to C$14.50 from C$14.00 while maintaining a “sector perform” rating, implying 4.48% downside from the previous close.
• Other analysts were more bullish: Canaccord Genuity, ATB Cormark, and National Bank raised their targets to between C$19.50 and C$21.00. The stock has a “Moderate Buy” consensus rating and an average target of C$17.40.
• Dexterra shares fell 3.4% to C$15.18 in Wednesday trading. The company reported quarterly earnings of C$0.20 per share on revenue of C$269.21 million.

Dexterra Group (TSE:DXT - Get Free Report) had its price target upped by investment analysts at Scotia from C$14.00 to C$14.50 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. Scotia's price target points to a potential downside of 4.48% from the company's previous close.

Other equities research analysts also recently issued research reports about the company. Canaccord Genuity Group upped their price target 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. ATB Cormark Capital Markets increased their target price on shares of Dexterra Group from C$14.25 to C$19.50 and gave the company an "outperform" rating in a report on Wednesday, June 24th. Finally, National Bank Financial boosted 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 report on Tuesday, July 21st. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$17.40.

Dexterra Group Stock Down 3.4%

Shares of Dexterra Group stock traded down C$0.54 during trading hours on Wednesday, reaching C$15.18. The company's stock had a trading volume of 139,559 shares, compared to its average volume of 41,929. The company has a debt-to-equity ratio of 85.07, a quick ratio of 1.28 and a current ratio of 1.42. The stock's fifty day simple moving average is C$14.11 and its two-hundred day simple moving average is C$13.10. The company has a market capitalization of C$947.47 million, a P/E ratio of 20.79, a P/E/G ratio of 0.90 and a beta of 0.39. Dexterra Group has a one year low of C$8.93 and a one year high of C$16.08.

Dexterra Group (TSE:DXT - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported C$0.20 earnings per share for the quarter. The business had revenue of C$269.21 million for the quarter. Dexterra Group had a net margin of 4.22% and a return on equity of 16.00%. On average, research analysts forecast that Dexterra Group 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source