Dexterra Group Inc. (TSE:DXT – Get Free Report)’s share price passed 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 traded.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on DXT. Raymond James raised Dexterra Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from C$7.00 to C$8.00 in a research note on Monday, March 11th. ATB Capital decreased their price objective on shares of Dexterra Group from C$9.00 to C$8.25 in a research note on Monday, March 11th. Finally, TD Securities lowered shares of Dexterra Group from a “buy” rating to a “hold” rating and reduced their target price for the company from C$7.50 to C$6.00 in a report on Friday, March 8th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Dexterra Group presently has a consensus rating of “Moderate Buy” and an average target price of C$7.75.
Check Out Our Latest Report on Dexterra Group
Dexterra Group Stock Performance
Dexterra Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a dividend of $0.087 per share. This represents a $0.35 dividend on an annualized basis 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.
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