Dexterra Group (TSE:DXT) Reaches New 12-Month High Following Analyst Upgrade

Key Points

• Dexterra Group Inc. shares hit a 52-week high after National Bankshares raised their price target from C$14.00 to C$15.00, maintaining an outperform rating.
• Multiple analysts have shared optimistic views, with a consensus average price target of C$12.31 and three analysts giving the stock a Buy rating.
• The stock's recent performance includes an 8.1% increase, with trading volumes reaching over 86,000 shares as it last traded at C$10.07.

Dexterra Group Inc. (TSE:DXT - Get Free Report) shares reached a new 52-week high on Monday after National Bankshares raised their price target on the stock from C$14.00 to C$15.00. National Bankshares currently has an outperform rating on the stock. Dexterra Group traded as high as C$10.18 and last traded at C$10.07, with a volume of 86722 shares trading hands. The stock had previously closed at C$9.28.

A number of other brokerages have also recently commented on DXT. Scotiabank set a C$11.50 price target on shares of Dexterra Group and gave the stock a "hold" rating in a research note on Tuesday, September 9th. ATB Capital raised their target price on Dexterra Group from C$10.75 to C$11.75 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$12.31.

Dexterra Group Stock Up 8.1%

The firm's 50-day simple moving average is C$9.61 and its two-hundred day simple moving average is C$8.94. The stock has a market cap of C$623.69 million, a price-to-earnings ratio of 17.91, a PEG ratio of 0.90 and a beta of 0.18. The company has a debt-to-equity ratio of 42.46, a quick ratio of 1.28 and a current ratio of 1.46.

Dexterra Group Company Profile

Dexterra Group is a publicly listed corporation delivering a range of support services for the creation, management, and operation of infrastructure across Canada. Powered by people, we bring best-in-class regional expertise to every challenge and deliver innovative solutions, giving clients confidence in their day-to-day operations.

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