Bridgemarq Real Estate Services (TSE:BRE) Sets New 12-Month Low – Time to Sell?

Bridgemarq Real Estate Services Inc. (TSE:BRE)’s share price hit a new 52-week low on Thursday. The stock traded as low as C$2.80 and last traded at C$2.95, with a volume of 121625 shares changing hands. The stock had previously closed at C$3.00.

Analysts Set New Price Targets

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

Bridgemarq Real Estate Services Stock Performance

The firm has a market capitalization of C$28.17 million, a price-to-earnings ratio of 11.88 and a beta of 0.82. The company has a 50-day moving average price of C$3.85 and a 200-day moving average price of C$9.92. The company has a quick ratio of 3.06, a current ratio of 0.25 and a debt-to-equity ratio of -100.21.

Bridgemarq Real Estate Services (TSE:BRE) last issued its quarterly earnings results on Thursday, August 13th. The company reported C$0.06 earnings per share (EPS) 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 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.