Dexterra Group (TSE:DXT) Reaches New 52-Week High – Time to Buy?

Dexterra Group Inc. (TSE:DXT)’s share price reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as C$18.17 and last traded at C$17.80, with a volume of 107650 shares traded. The stock had previously closed at C$17.96.

Analysts Set New Price Targets

Several research firms have recently weighed in on DXT. ATB Cormark Capital Markets lifted their price objective on shares of Dexterra Group from C$14.25 to C$19.50 and gave the company an “outperform” rating in a research note on Wednesday, June 24th. National Bank Financial increased their target price on shares of Dexterra Group from C$16.50 to C$20.50 and gave the stock an “outperform” rating in a research note on Tuesday, July 21st. Canaccord Genuity Group raised their price target on shares of Dexterra Group from C$18.00 to C$21.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Raymond James Financial lifted their price target on shares of Dexterra Group from C$18.50 to C$20.00 and gave the company an “outperform” rating in a research note on Thursday, September 24th. Finally, Scotia upped their price objective on shares of Dexterra Group from C$14.00 to C$14.50 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$19.10.

Dexterra Group Price Performance

The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 76.31. The stock has a 50 day simple moving average of C$14.78 and a 200 day simple moving average of C$13.73. The stock has a market cap of C$1.12 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 0.90 and a beta of 0.06.

Dexterra Group (TSE:DXT) last issued its earnings results on Tuesday, August 4th. The company reported C$0.20 earnings per share for the quarter. Dexterra Group had a return on equity of 15.18% and a net margin of 4.01%.The company had revenue of C$269.21 million for the quarter. As a group, analysts expect that Dexterra Group Inc. will post 0.7094298 earnings per share for the current fiscal year.

About Dexterra Group

Dexterra employs more than 9,000 people, delivering a range of support services for the creation, management, and operation of infrastructure across Canada and the U.S. Powered by people, Dexterra brings best-in-class regional expertise to every challenge and delivers innovative solutions, giving clients confidence in their day-to-day operations. Activities include a comprehensive range of integrated facilities management services, industry-leading workforce accommodation solutions, and other support services for diverse clients in the public and private sectors.