Bridgemarq Real Estate Services (TSE:BRE) Reaches New 1-Year Low – Should You Sell?

Bridgemarq Real Estate Services Inc. (TSE:BRE) shares hit a new 52-week low on Monday. The stock traded as low as C$2.34 and last traded at C$2.38, with a volume of 23,997 shares traded. The stock had previously closed at C$2.31.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets upgraded shares of Bridgemarq Real Estate Services from a “market perform” rating to a “moderate buy” rating and dropped their price objective for the company 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.com, Bridgemarq Real Estate Services currently has a consensus rating of “Buy” and an average target price of C$11.25.

Bridgemarq Real Estate Services Price Performance

The stock has a fifty day moving average price of C$3.00 and a 200-day moving average price of C$9.81. The firm has a market capitalization of C$22.38 million, a PE ratio of 9.44 and a beta of 0.88. The company has a debt-to-equity ratio of -100.21, a quick ratio of 3.06 and a current ratio of 0.25.

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

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.