Bridgemarq Real Estate Services (TSE:BRE) Reaches New 1-Year Low – Here’s What Happened

Shares of Bridgemarq Real Estate Services Inc. (TSE:BRE) reached a new 52-week low during trading on Monday. The stock traded as low as C$2.22 and last traded at C$2.37, with a volume of 38,723 shares changing hands. The stock had previously closed at C$2.36.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets raised shares of Bridgemarq Real Estate Services from a “market perform” rating to a “moderate buy” rating and dropped their price objective for the stock from C$12.50 to C$11.25 in a research note on Monday, July 20th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$11.25.

Bridgemarq Real Estate Services Trading Down 4.7%

The company has a quick ratio of 3.06, a current ratio of 0.25 and a debt-to-equity ratio of -100.21. The firm has a market cap of C$21.24 million, a price-to-earnings ratio of 8.96 and a beta of 0.88. The business has a 50 day moving average of C$2.85 and a 200 day moving average of C$9.53.

Bridgemarq Real Estate Services (TSE:BRE) last posted its quarterly earnings data on Thursday, August 13th. The company reported C$0.06 EPS for the quarter. The firm had revenue of C$97.47 million during the quarter. Bridgemarq Real Estate Services had a negative return on equity of 2.50% and a net margin of 0.59%.

About Bridgemarq Real Estate Services

Bridgemarq is a leading provider of services to residential real estate brokers and a network of approximately 20,000 REALTORS through its franchise network and corporately owned brokerages. We operate in Canada under the Royal LePage, Proprio Direct, Via Capitale, Johnston & Daniel and Les Immeubles Mont-Tremblant brands.