Dexterra Group (TSE:DXT) Shares Pass Above 200-Day Moving Average – What’s Next?

Shares of Dexterra Group Inc. (TSE:DXT) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$11.37 and traded as high as C$12.35. Dexterra Group shares last traded at C$12.20, with a volume of 17,497 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DXT shares. National Bank Financial increased their price objective on Dexterra Group from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research report on Thursday, March 5th. ATB Cormark Capital Markets increased their price target on shares of Dexterra Group from C$12.00 to C$13.75 and gave the company a “moderate buy” rating in a research report on Thursday, March 5th. Finally, Canaccord Genuity Group upgraded shares of Dexterra Group to a “strong-buy” rating in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$13.92.

Dexterra Group Stock Performance

The stock has a market cap of C$741.89 million, a PE ratio of 18.34, a P/E/G ratio of 0.90 and a beta of 0.17. The company has a fifty day moving average price of C$12.84 and a 200 day moving average price of C$11.38. The company has a quick ratio of 1.28, a current ratio of 1.23 and a debt-to-equity ratio of 78.68.

Dexterra Group (TSE:DXT) last issued its earnings results on Tuesday, March 3rd. The company reported C$0.12 earnings per share for the quarter. The company had revenue of C$270.95 million during the quarter. Dexterra Group had a return on equity of 14.45% and a net margin of 3.89%. Analysts expect that Dexterra Group Inc. will post 0.7094298 earnings per share for the current year.

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.