Dexterra Group (TSE:DXT) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why
by Renee Jackson · The Cerbat GemDexterra Group Inc. (TSE:DXT – Get Free Report)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$12.29 and traded as high as C$13.73. Dexterra Group shares last traded at C$13.50, with a volume of 56,691 shares.
Analysts Set New Price Targets
A number of research firms have issued reports on DXT. Canaccord Genuity Group raised Dexterra Group to a “strong-buy” rating in a research note on Tuesday, February 17th. ATB Cormark Capital Markets boosted their target price on Dexterra Group from C$12.00 to C$13.75 and gave the company a “moderate buy” rating in a research note on Thursday, March 5th. Finally, National Bank Financial boosted their target price on Dexterra Group from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research note on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$13.92.
Get Our Latest Report on Dexterra Group
Dexterra Group Trading Down 2.7%
The company has a debt-to-equity ratio of 85.07, a current ratio of 1.42 and a quick ratio of 1.28. The stock has a market capitalization of C$820.77 million, a price-to-earnings ratio of 18.01, a PEG ratio of 0.90 and a beta of 0.26. The business has a 50 day simple moving average of C$12.31 and a 200-day simple moving average of C$12.31.
Dexterra Group (TSE:DXT – Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported C$0.19 earnings per share (EPS) for the quarter. Dexterra Group had a return on equity of 16.00% and a net margin of 4.22%.The firm had revenue of C$275.47 million during the quarter. As a group, equities analysts expect that Dexterra Group Inc. will post 0.7094298 earnings per share for the current year.
Dexterra Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Tuesday, March 31st. Dexterra Group’s payout ratio is 53.08%.
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.