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

Key Points

• Dexterra Group shares rose above their 200-day moving average, reaching C$13.80 before closing at C$13.72, up 1.6% in the session.
• Analysts have raised their price targets, with estimates 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.
• Dexterra reported quarterly earnings of C$0.20 per share on revenue of C$269.21 million, with a 15.18% return on equity and a 4.01% net margin.

Shares of Dexterra Group Inc. (TSE:DXT - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$13.22 and traded as high as C$13.80. Dexterra Group shares last traded at C$13.72, with a volume of 28,043 shares traded.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DXT. Scotia increased 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. Canaccord Genuity Group lifted their price objective on Dexterra Group from C$18.00 to C$21.00 and gave the company a "buy" rating in a report on Friday, July 24th. National Bank Financial upped their price objective on shares of 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. Finally, ATB Cormark Capital Markets increased their target price on shares of Dexterra Group from C$14.25 to C$19.50 and gave the stock an "outperform" rating in a report on Wednesday, June 24th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$17.40.

Dexterra Group Trading Up 1.6%

The company has a market capitalization of C$857.17 million, a PE ratio of 19.88, a price-to-earnings-growth ratio of 0.90 and a beta of 0.41. The company has a debt-to-equity ratio of 76.31, a current ratio of 1.32 and a quick ratio of 1.28. The company's fifty day moving average is C$14.43 and its 200-day moving average is C$13.22.

Dexterra Group (TSE:DXT - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported C$0.20 earnings per share for the quarter. The company had revenue of C$269.21 million during the quarter. Dexterra Group had a return on equity of 15.18% and a net margin of 4.01%. On average, analysts anticipate that Dexterra Group Inc. will post 0.7094298 EPS for the current fiscal 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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