ATB Cormark Capital Markets Issues Positive Forecast for Dexterra Group (TSE:DXT) Stock Price

Dexterra Group (TSE:DXT) had its price objective hoisted by ATB Cormark Capital Markets from C$12.00 to C$13.75 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price would suggest a potential upside of 7.67% from the stock’s previous close.

Separately, Canaccord Genuity Group upgraded Dexterra Group to a “strong-buy” rating in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$13.92.

Dexterra Group Trading Up 7.4%

Shares of Dexterra Group stock traded up C$0.88 during trading on Thursday, hitting C$12.77. The stock had a trading volume of 75,760 shares, compared to its average volume of 46,533. Dexterra Group has a 12 month low of C$6.88 and a 12 month high of C$13.93. The company has a debt-to-equity ratio of 80.46, a current ratio of 1.25 and a quick ratio of 1.28. The firm’s fifty day simple moving average is C$12.76 and its 200-day simple moving average is C$11.28. The stock has a market cap of C$794.79 million, a PE ratio of 19.95, a PEG ratio of 0.90 and a beta of 0.43.

Dexterra Group (TSE:DXT) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported C$0.12 EPS for the quarter. Dexterra Group had a net margin of 3.93% and a return on equity of 14.34%. The company had revenue of C$270.95 million for the quarter. As a group, sell-side analysts expect that Dexterra Group will post 0.7094298 EPS for the current fiscal year.

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. Our activities include a comprehensive range of facilities management services, industry-leading workforce accommodation solutions, innovative modular building capabilities and other support services for diverse clients in the public and private sectors.