Dexterra Group (TSE:DXT) Shares Pass Above 200 Day Moving Average – Here’s Why

Dexterra Group Inc. (TSE:DXT)’s share price passed 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.

Analyst Upgrades and Downgrades

DXT has been the subject of a number of recent analyst reports. National Bank Financial increased their target price on shares of 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. Canaccord Genuity Group upgraded shares of Dexterra Group to a “strong-buy” rating in a research report on Tuesday, February 17th. Finally, ATB Cormark Capital Markets upped their price objective on shares of 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. One research 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. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$13.92.

Dexterra Group Stock Performance

The company has a quick ratio of 1.28, a current ratio of 1.23 and a debt-to-equity ratio of 78.68. The firm has a market capitalization of C$759.32 million, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 0.90 and a beta of 0.17. The company’s 50 day moving average is C$12.83 and its 200-day moving average is C$11.37.

Dexterra Group (TSE:DXT) last posted its quarterly earnings results on Tuesday, March 3rd. The company reported C$0.12 earnings per share for the quarter. Dexterra Group had a net margin of 3.89% and a return on equity of 14.45%. The firm had revenue of C$270.95 million during the quarter. As a group, equities analysts anticipate that Dexterra Group Inc. will post 0.7094298 EPS 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.