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

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Raymond James lifted their target price on Dexterra Group from C$8.00 to C$8.50 in a report on Thursday, August 8th. TD Securities raised their price objective on Dexterra Group from C$5.50 to C$6.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th.

Dexterra Group Stock Up 0.7 %

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

Dexterra Group Dividend Announcement

The business 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 $0.087 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.35 annualized dividend and a yield of 4.71%. Dexterra Group’s dividend payout ratio is currently 76.09%.

Insiders Place Their Bets

In other Dexterra Group news, Senior Officer Mark Alan Becker acquired 7,704 shares of the stock in a transaction 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 currently owned by 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.