Dexterra Group (TSE:DXT) Shares Pass Above Two Hundred Day Moving Average - Here's Why

Key Points

• Dexterra Group's share price has exceeded its 200-day moving average, reaching C$9.93, indicating potential growth in the company's stock performance.
• Analysts are optimistic, with ATB Capital and National Bankshares both raising their target prices for Dexterra Group's stock, suggesting it may see further appreciation.
• The stock has a current consensus rating of "Buy" and an average price target of C$12.25, reflecting positive market sentiment towards the company.

Dexterra Group Inc. (TSE:DXT - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$8.61 and traded as high as C$9.93. Dexterra Group shares last traded at C$9.93, with a volume of 8,445 shares trading hands.

Analyst Ratings Changes

Several research firms have commented on DXT. National Bankshares increased their target price on Dexterra Group from C$13.00 to C$14.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. ATB Capital increased their target price on Dexterra Group from C$10.75 to C$11.75 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of C$12.25.

Dexterra Group Trading Down 2.2%

The company has a market cap of C$603.79 million, a price-to-earnings ratio of 17.34, a PEG ratio of 0.90 and a beta of 0.30. The firm has a 50 day moving average price of C$9.65 and a two-hundred day moving average price of C$8.67. The company has a quick ratio of 1.28, a current ratio of 1.46 and a debt-to-equity ratio of 42.46.

About Dexterra Group

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.