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

Dexterra Group Inc. (TSE:DXT) hit a new 52-week high during trading on Monday . The stock traded as high as C$7.40 and last traded at C$7.38, with a volume of 35080 shares trading hands. The stock had previously closed at C$7.34.

Analyst Upgrades and Downgrades

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

Dexterra Group Stock Performance

The company has a current ratio of 1.52, a quick ratio of 1.28 and a debt-to-equity ratio of 55.43. The stock’s 50 day moving average is C$6.59 and its 200 day moving average is C$6.06. The stock has a market capitalization of C$472.96 million, a price-to-earnings ratio of 16.00, a PEG ratio of 0.90 and a beta of 1.02.

Dexterra Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.087 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.71%. Dexterra Group’s dividend payout ratio (DPR) is 76.09%.

Insider Activity at Dexterra Group

In related news, Senior Officer Mark Alan Becker acquired 7,704 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was purchased 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 corporate insiders.

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.