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

Shares of Dexterra Group Inc. (TSE:DXT) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$6.97 and last traded at C$6.95, with a volume of 20427 shares. The stock had previously closed at C$6.84.

Analysts Set New Price Targets

DXT has been the topic of several recent analyst reports. Raymond James upped their target price on Dexterra Group from C$8.00 to C$8.50 in a research report on Thursday, August 8th. TD Securities upped their price objective on shares of Dexterra Group from C$5.50 to C$6.00 and gave the company a “hold” rating in a report on Wednesday, August 7th.

Dexterra Group Price Performance

The firm has a market cap of C$448 million, a PE ratio of 15.15, a price-to-earnings-growth ratio of 0.90 and a beta of 1.02. The stock has a 50 day simple moving average of C$6.57 and a two-hundred day simple moving average of C$6.03. The company has a debt-to-equity ratio of 55.43, a quick ratio of 1.28 and a current ratio of 1.52.

Dexterra Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.087 per share. This represents a $0.35 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date is Tuesday, December 31st. Dexterra Group’s dividend payout ratio (DPR) is presently 76.09%.

Insider Activity at Dexterra Group

In other Dexterra Group news, Senior Officer Mark Alan Becker purchased 7,704 shares of the stock in a transaction on Tuesday, November 12th. The shares were bought at an average price of C$6.49 per share, for a total transaction of C$49,998.96. 51.55% of the stock is owned by company insiders.

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.