Scotia Issues Positive Forecast for Dexterra Group (TSE:DXT) Stock Price

Dexterra Group (TSE:DXT) had its price target hoisted by equities researchers at Scotia from C$14.00 to C$14.50 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotia’s price target would suggest a potential downside of 4.48% from the stock’s current price.

A number of other analysts have also weighed in on DXT. National Bank Financial upped their target price on shares of Dexterra Group from C$16.50 to C$20.50 and gave the stock an “outperform” rating in a report on Tuesday, July 21st. Canaccord Genuity Group increased their price objective on Dexterra Group from C$18.00 to C$21.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Finally, ATB Cormark Capital Markets boosted their target price on Dexterra Group from C$14.25 to C$19.50 and gave the stock an “outperform” rating in a research 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. Based on data from MarketBeat, Dexterra Group currently has an average rating of “Moderate Buy” and a consensus price target of C$17.40.

Dexterra Group Stock Performance

DXT traded down C$0.54 on Wednesday, hitting C$15.18. The company’s stock had a trading volume of 139,559 shares, compared to its average volume of 41,929. Dexterra Group has a 12 month low of C$8.93 and a 12 month high of C$16.08. The firm has a market cap of C$947.47 million, a P/E ratio of 20.79, a price-to-earnings-growth ratio of 0.90 and a beta of 0.39. The company has a quick ratio of 1.28, a current ratio of 1.42 and a debt-to-equity ratio of 85.07. The company’s 50 day simple moving average is C$14.11 and its 200-day simple moving average is C$13.10.

Dexterra Group (TSE:DXT) last posted its earnings results on Tuesday, August 4th. The company reported C$0.20 earnings per share (EPS) for the quarter. The firm had revenue of C$269.21 million for the quarter. Dexterra Group had a return on equity of 16.00% and a net margin of 4.22%. Analysts forecast that Dexterra Group will post 0.7094298 EPS 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.