Shares of Dexterra Group Inc. (TSE:DXT – Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$5.68 and traded as high as C$6.29. Dexterra Group shares last traded at C$6.29, with a volume of 7,204 shares changing hands.
Analysts Set New Price Targets
A number of research firms recently commented on DXT. Scotiabank decreased their price objective on Dexterra Group from C$7.00 to C$6.50 and set a “sector perform” rating on the stock in a report on Friday, May 17th. TD Securities upped their price target on Dexterra Group from C$5.50 to C$6.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Finally, Raymond James increased their price target on Dexterra Group from C$8.00 to C$8.50 in a report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$7.75.
Read Our Latest Stock Report on Dexterra Group
Dexterra Group Price Performance
Dexterra Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.087 per share. The ex-dividend date is Monday, September 30th. This represents a $0.35 annualized dividend and a dividend yield of 5.53%. Dexterra Group’s dividend payout ratio is currently 76.09%.
Insider Activity at Dexterra Group
In other news, Senior Officer Robert Johnston bought 9,200 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was bought at an average cost of C$5.45 per share, for a total transaction of C$50,140.00. Company insiders own 51.53% of the company’s stock.
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.
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