Raymond James Financial Raises Dexterra Group (TSE:DXT) Price Target to C$20.00

Dexterra Group (TSE:DXT) had its target price boosted by analysts at Raymond James Financial from C$18.50 to C$20.00 in a research report issued to clients and investors on Thursday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price target would suggest a potential upside of 22.85% from the stock’s current price.

Other analysts have also issued research reports about the company. National Bank Financial upped their target price on 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. Canaccord Genuity Group lifted their price target on shares of Dexterra Group from C$18.00 to C$21.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Scotia boosted their price objective on shares of Dexterra Group from C$14.00 to C$14.50 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Finally, ATB Cormark Capital Markets upped their price objective on shares of Dexterra Group from C$14.25 to C$19.50 and gave the company an “outperform” rating in a research note on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$19.10.

Dexterra Group Price Performance

Shares of DXT traded up C$1.04 during midday trading on Thursday, reaching C$16.28. The stock had a trading volume of 67,001 shares, compared to its average volume of 42,352. The company’s 50-day moving average is C$14.50 and its 200 day moving average is C$13.36. Dexterra Group has a 12-month low of C$9.01 and a 12-month high of C$16.54. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 76.31. The company has a market capitalization of C$1.02 billion, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 0.90 and a beta of 0.26.

Dexterra Group (TSE:DXT) last announced its quarterly earnings data on Tuesday, August 4th. The company reported C$0.20 EPS for the quarter. The firm had revenue of C$269.21 million for the quarter. Dexterra Group had a return on equity of 15.18% and a net margin of 4.01%. On average, equities analysts predict that Dexterra Group 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.