ATB Cormark Capital Markets Boosts Dexterra Group (TSE:DXT) Price Target to C$19.50

Dexterra Group (TSE:DXT) had its price objective upped by stock analysts at ATB Cormark Capital Markets from C$14.25 to C$19.50 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target points to a potential upside of 39.39% from the company’s previous close.

Separately, National Bank Financial boosted their target price on Dexterra Group from C$15.50 to C$16.50 and gave the stock an “outperform” rating in a report on Thursday, March 5th. One 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. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$15.83.

Dexterra Group Stock Up 8.3%

Shares of DXT stock traded up C$1.07 during trading hours on Wednesday, hitting C$13.99. 124,584 shares of the company’s stock traded hands, compared to its average volume of 39,015. The stock’s fifty day simple moving average is C$12.69 and its two-hundred day simple moving average is C$12.52. Dexterra Group has a 12-month low of C$8.93 and a 12-month high of C$13.99. The stock has a market cap of C$873.16 million, a price-to-earnings ratio of 19.16, a PEG ratio of 0.90 and a beta of 0.41. The company has a quick ratio of 1.28, a current ratio of 1.42 and a debt-to-equity ratio of 85.07.

Dexterra Group (TSE:DXT) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$0.19 earnings per share for the quarter. Dexterra Group had a return on equity of 16.00% and a net margin of 4.22%.The company had revenue of C$275.47 million for the quarter. On average, analysts expect that Dexterra Group will post 0.7094298 EPS for the current 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.