Dexterra Group (TSE:DXT) Stock Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Dexterra Group shares moved above their 200-day moving average, reaching C$14.00 before closing at C$13.77, compared with the C$13.17 long-term average.
• Analysts have raised their price targets substantially, with targets ranging from C$14.50 to C$21.00. The stock carries a “Moderate Buy” consensus rating and an average target of C$17.40.
• In its latest quarter, Dexterra reported C$0.20 in earnings per share and C$269.21 million in revenue, alongside a 4.01% net margin and 15.18% return on equity.

Dexterra Group Inc. (TSE:DXT - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$13.17 and traded as high as C$14.00. Dexterra Group shares last traded at C$13.77, with a volume of 28,956 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DXT. National Bank Financial upped their price objective on Dexterra Group from C$16.50 to C$20.50 and gave the stock an "outperform" rating in a research note on Tuesday, July 21st. Canaccord Genuity Group lifted their target price on Dexterra Group from C$18.00 to C$21.00 and gave the company a "buy" rating in a research report on Friday, July 24th. ATB Cormark Capital Markets boosted their price target on 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, Scotia upped their price target on Dexterra Group from C$14.00 to C$14.50 and gave the stock a "sector perform" rating in a research report on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of C$17.40.

Dexterra Group Stock Down 0.6%

The stock has a market capitalization of C$860.29 million, a P/E ratio of 19.96, a P/E/G ratio of 0.90 and a beta of 0.41. The company's 50-day moving average price is C$14.31 and its 200 day moving average price is C$13.17. The company has a debt-to-equity ratio of 76.31, a quick ratio of 1.28 and a current ratio of 1.32.

Dexterra Group (TSE:DXT - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported C$0.20 earnings per share for the quarter. Dexterra Group had a net margin of 4.01% and a return on equity of 15.18%. The company had revenue of C$269.21 million during the quarter. As a group, equities analysts expect that Dexterra Group Inc. 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.

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