Dexterra Group (TSE:DXT) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Shares of Dexterra Group Inc. (TSE:DXT) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$10.21 and traded as high as C$11.81. Dexterra Group shares last traded at C$11.64, with a volume of 23,817 shares traded.

Wall Street Analysts Forecast Growth

DXT has been the subject of a number of research reports. National Bankshares boosted their target price on shares of Dexterra Group from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Scotiabank set a C$11.50 price objective on Dexterra Group and gave the stock a “hold” rating in a report on Tuesday, September 9th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$12.31.

Dexterra Group Stock Performance

The business’s 50-day moving average price is C$11.42 and its 200-day moving average price is C$10.21. The company has a debt-to-equity ratio of 42.46, a quick ratio of 1.28 and a current ratio of 1.46. The stock has a market cap of C$725.21 million, a P/E ratio of 18.19, a P/E/G ratio of 0.90 and a beta of 0.33.

Dexterra Group (TSE:DXT) last announced its earnings results on Tuesday, November 4th. The company reported C$0.21 EPS for the quarter. Dexterra Group had a return on equity of 4.53% and a net margin of 1.24%. As a group, sell-side analysts expect that Dexterra Group Inc. will post 0.7094298 earnings per share for the current fiscal year.

Dexterra Group Company Profile

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.