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

Dexterra Group Inc. (TSE:DXT)’s share price hit a new 52-week high on Wednesday . The stock traded as high as C$12.24 and last traded at C$11.86, with a volume of 13305 shares. The stock had previously closed at C$11.99.

Wall Street Analysts Forecast Growth

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

Dexterra Group Price Performance

The company has a fifty day simple moving average of C$11.09 and a two-hundred day simple moving average of C$10.02. 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 capitalization of C$747.64 million, a price-to-earnings ratio of 18.75, a PEG ratio of 0.90 and a beta of 0.33.

Dexterra Group (TSE:DXT) last released its earnings results on Tuesday, November 4th. The company reported C$0.21 earnings per share for the quarter. Dexterra Group had a return on equity of 4.53% and a net margin of 1.24%. As a group, equities research 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.