Dexterra Group (TSE:DXT) Stock Price Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Dexterra Group's share price has recently crossed above its 200-day moving average, currently trading at C$9.39 compared to the average of C$8.74.
• Analysts have set varied target prices for Dexterra Group, with Scotiabank at C$11.50, while ATB Capital and National Bank raised their targets to C$11.75 and C$14.00, respectively.
• The stock is rated as a Moderate Buy by analysts, highlighting a consensus target price of C$12.06 amidst a market capitalization of approximately C$583.89 million.

Shares of Dexterra Group Inc. (TSE:DXT - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$8.74 and traded as high as C$9.58. Dexterra Group shares last traded at C$9.39, with a volume of 7,837 shares traded.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Scotiabank set a C$11.50 price target on Dexterra Group and gave the stock a "hold" rating in a report on Tuesday, September 9th. National Bankshares upped their target price on Dexterra Group from C$13.00 to C$14.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Finally, ATB Capital upped their target price on Dexterra Group from C$10.75 to C$11.75 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$12.06.

Dexterra Group Stock Down 0.2%

The company has a debt-to-equity ratio of 42.46, a current ratio of 1.46 and a quick ratio of 1.28. The firm has a 50 day simple moving average of C$9.68 and a 200-day simple moving average of C$8.78. The stock has a market capitalization of C$575.81 million, a price-to-earnings ratio of 16.54, a price-to-earnings-growth ratio of 0.90 and a beta of 0.27.

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.