Dexterra Group (TSE:DXT) Sets New 12-Month High – Here’s What Happened

Shares of Dexterra Group Inc. (TSE:DXT) reached a new 52-week high on Wednesday. The stock traded as high as C$20.33 and last traded at C$20.25, with a volume of 4,552 shares. The stock had previously closed at C$20.14.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. ATB Cormark Capital Markets raised their price objective on Dexterra Group from C$19.50 to C$25.00 and gave the company an “outperform” rating in a research report on Tuesday, October 13th. 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 Dexterra Group from C$14.00 to C$14.50 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. Raymond James Financial upped their target price on shares of Dexterra Group from C$18.50 to C$20.00 and gave the stock an “outperform” rating in a research note on Thursday, September 24th. Finally, National Bank Financial increased their price target on Dexterra Group from C$16.50 to C$20.50 and gave the stock an “outperform” rating in a research report on Tuesday, July 21st. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Dexterra Group currently has a consensus rating of “Moderate Buy” and an average price target of C$20.20.

Dexterra Group Stock Performance

The company has a market capitalization of C$1.20 billion, a PE ratio of 26.65, a PEG ratio of 0.90 and a beta of -0.05. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 69.42. The business has a 50 day simple moving average of C$16.94 and a 200 day simple moving average of C$14.15.

Dexterra Group (TSE:DXT) last released its earnings results on Wednesday, November 4th. The company reported C$0.28 earnings per share for the quarter. Dexterra Group had a net margin of 4.10% and a return on equity of 15.37%. The company had revenue of C$291.23 million for the quarter. Equities research analysts predict that Dexterra Group Inc. will post 0.71 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.