Bridgemarq Real Estate Services (TSE:BRE) Hits New 1-Year Low – What’s Next?

Bridgemarq Real Estate Services Inc. (TSE:BRE) shares reached a new 52-week low 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 traded. The stock had previously closed at C$2.36.

Analysts Set New Price Targets

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

Bridgemarq Real Estate Services Price Performance

The company has a debt-to-equity ratio of -100.21, a current ratio of 0.25 and a quick ratio of 3.06. The stock has a market capitalization of C$22.29 million, a price-to-earnings ratio of 9.40 and a beta of 0.88. The stock has a 50 day moving average price of C$2.91 and a 200-day moving average price of C$9.64.

Bridgemarq Real Estate Services (TSE:BRE) last announced its quarterly earnings data on Thursday, August 13th. The company reported C$0.06 earnings per share for the quarter. The company had revenue of C$97.47 million for 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.