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Dexterra Group ( (TSE:DXT) ) has provided an update.
Dexterra Group has invested in Pleasant Valley Corporation (PVC), acquiring a 40% stake for US$58.3 million with an option to purchase the remaining 60% by Q3 2027. This strategic investment, financed through Dexterra’s credit facility, enhances Dexterra’s U.S. facility management capabilities and aligns with their long-term growth strategy. PVC, known for its strong client relationships and technological integration, generates approximately US$175 million in annual revenues and offers significant growth potential, further strengthening Dexterra’s market position.
The most recent analyst rating on (TSE:DXT) stock is a Buy with a C$12.50 price target. To see the full list of analyst forecasts on Dexterra Group stock, see the TSE:DXT Stock Forecast page.
Spark’s Take on TSE:DXT Stock
According to Spark, TipRanks’ AI Analyst, TSE:DXT is a Outperform.
Dexterra Group’s strong revenue growth and operational efficiency, coupled with a robust balance sheet, underpin its solid financial health. Positive earnings sentiment and market momentum contribute to a favorable outlook, while valuation concerns and potential economic risks warrant caution.
To see Spark’s full report on TSE:DXT stock, click here.
More about Dexterra Group
Dexterra Group is a company employing over 9,000 people, providing support services for infrastructure management and operations across Canada and the U.S. Their offerings include integrated facilities management services, workforce accommodation solutions, and other support services for both public and private sectors.
Average Trading Volume: 42,081
Technical Sentiment Signal: Buy
Current Market Cap: C$608.8M
See more data about DXT stock on TipRanks’ Stock Analysis page.