ATB Cormark Capital Markets Upgrades Bridgemarq Real Estate Services (TSE:BRE) to “Outperform”

Bridgemarq Real Estate Services (TSE:BRE) was upgraded by research analysts at ATB Cormark Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has a C$11.25 price objective on the stock, down from their prior price objective of C$12.50. ATB Cormark Capital Markets’ price objective would indicate a potential upside of 106.42% from the company’s current price.

Bridgemarq Real Estate Services Stock Down 13.5%

Shares of BRE traded down C$0.85 during midday trading on Monday, reaching C$5.45. 552,763 shares of the stock were exchanged, compared to its average volume of 19,110. The company has a market cap of C$51.69 million, a price-to-earnings ratio of -27.25 and a beta of 0.94. The firm has a 50 day simple moving average of C$13.17 and a 200-day simple moving average of C$13.64. Bridgemarq Real Estate Services has a 12-month low of C$4.65 and a 12-month high of C$15.39. The company has a quick ratio of 3.06, a current ratio of 0.16 and a debt-to-equity ratio of -105.56.

Bridgemarq Real Estate Services (TSE:BRE) last issued its quarterly earnings data on Wednesday, May 13th. The company reported C$0.12 earnings per share for the quarter. The firm had revenue of C$69.87 million for the quarter. Bridgemarq Real Estate Services had a negative net margin of 0.49% and a positive return on equity of 2.19%.

Bridgemarq Real Estate Services Company Profile

Bridgemarq Real Estate Services Inc is a Canada-based real estate services company. Its segment includes providing information and services to real estate agents and brokers in Canada through a portfolio of real estate services brands. It supplies realtors with information, tools, and services to assist them in providing and delivery of real estate sales services. The company’s brands include Royal LePage and Via Capitale and Johnston and Daniel.