Bridgemarq Real Estate Services (TSE:BRE) Reaches New 12-Month Low – Here’s What Happened

Bridgemarq Real Estate Services Inc. (TSE:BRE)’s stock price hit a new 52-week low during trading on Wednesday. The stock traded as low as C$2.47 and last traded at C$2.41, with a volume of 11,647 shares. The stock had previously closed at C$2.48.

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 decreased their price target for the stock from C$12.50 to C$11.25 in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$11.25.

Bridgemarq Real Estate Services Stock Down 1.6%

The firm has a market capitalization of C$23.14 million, a price-to-earnings ratio of 9.76 and a beta of 1.00. 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 50 day moving average of C$3.32 and a two-hundred day moving average of C$8.83.

Bridgemarq Real Estate Services (TSE:BRE) last released its quarterly earnings data 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 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 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.