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

Key Points

• Dexterra Group's stock price crossed above its 200-day moving average of C$8.68, trading as high as C$9.59 and last at C$9.44.
• Analysts have upgraded Dexterra Group's price targets, with ATB Capital raising its target from C$10.75 to C$11.75, and National Bankshares raising theirs from C$13.00 to C$14.00, both maintaining an "outperform" rating.
• The company has a market cap of C$587.00 million, with a P/E ratio of 16.86, indicating positive investor sentiment and growth potential.

Shares of Dexterra Group Inc. (TSE:DXT - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.68 and traded as high as C$9.59. Dexterra Group shares last traded at C$9.44, with a volume of 16,064 shares traded.

Wall Street Analyst Weigh In

A number of research firms have commented on DXT. National Bankshares increased their price target 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. Scotiabank set a C$11.50 price target on Dexterra Group and gave the stock a "sector perform" rating in a research note on Tuesday. Finally, ATB Capital increased their price objective on shares of 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 equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$12.06.

Dexterra Group Price Performance

The company has a current ratio of 1.46, a quick ratio of 1.28 and a debt-to-equity ratio of 42.46. The firm's fifty day moving average price is C$9.68 and its 200 day moving average price is C$8.72. The firm has a market capitalization of C$584.51 million, a PE ratio of 16.79, a P/E/G 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.