Dexterra Group (TSE:DXT) Stock Crosses Above 200 Day Moving Average of $5.73

Dexterra Group Inc. (TSE:DXT) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$5.73 and traded as high as C$5.96. Dexterra Group shares last traded at C$5.85, with a volume of 19,689 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DXT. ATB Capital decreased their price target on Dexterra Group from C$9.00 to C$8.25 in a research note on Monday, March 11th. Raymond James upgraded Dexterra Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from C$7.00 to C$8.00 in a research report on Monday, March 11th. Finally, TD Securities lowered Dexterra Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$7.50 to C$6.00 in a research report on Friday, March 8th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Dexterra Group currently has a consensus rating of “Moderate Buy” and an average target price of C$7.75.

Dexterra Group Price Performance

The firm has a market cap of C$376.09 million, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 0.90 and a beta of 1.07. The company has a current ratio of 1.33, a quick ratio of 1.28 and a debt-to-equity ratio of 40.87. The business has a 50-day moving average of C$5.77 and a two-hundred day moving average of C$5.73.

Dexterra Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a dividend of $0.087 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.35 dividend on an annualized basis and a yield of 5.94%. Dexterra Group’s dividend payout ratio is currently 85.37%.

Dexterra Group Company Profile

Dexterra Group Inc engages in the provision of support services for the creation, management, and operation of infrastructure in Canada. It operates through three segments: Integrated Facilities Management (IFM); Modular Solutions; and Workforce Accommodations, Forestry and Energy Services (WAFES). The IFM segment delivers operation and maintenance solutions for built assets and infrastructure in the public and private sectors, including aviation, defense, education, rail, healthcare, and leisure.