Dexterra Group (TSE:DXT) Share Price Crosses Above Two Hundred Day Moving Average of $5.75

Dexterra Group Inc. (TSE:DXT)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$5.75 and traded as high as C$5.99. Dexterra Group shares last traded at C$5.90, with a volume of 11,355 shares trading hands.

Analyst Upgrades and Downgrades

DXT has been the topic of several analyst reports. TD Securities lowered shares of Dexterra Group from a “buy” rating to a “hold” rating and cut their price target for the stock from C$7.50 to C$6.00 in a report on Friday, March 8th. Raymond James raised Dexterra Group from a “market perform” rating to an “outperform” rating and upped their target price for the company from C$7.00 to C$8.00 in a research report on Monday, March 11th. Finally, ATB Capital lowered their price target on Dexterra Group from C$9.00 to C$8.25 in a report on Monday, March 11th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Dexterra Group currently has a consensus rating of “Moderate Buy” and an average target price of C$7.75.

Dexterra Group Price Performance

The stock has a fifty day moving average of C$5.77 and a 200 day moving average of C$5.75. The stock has a market cap of C$379.30 million, a price-to-earnings ratio of 14.41, a P/E/G ratio of 0.90 and a beta of 1.07. The company has a debt-to-equity ratio of 40.87, a current ratio of 1.33 and a quick ratio of 1.28.

Dexterra Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.087 per share. This represents a $0.35 annualized dividend and a yield of 5.89%. The ex-dividend date of this dividend was Wednesday, March 27th. Dexterra Group’s payout ratio is 85.37%.

About Dexterra Group

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.