Bridgemarq Real Estate Services (TSE:BRE) Upgraded at ATB Cormark Capital Markets

Bridgemarq Real Estate Services (TSE:BRE) was upgraded by stock analysts at ATB Cormark Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has a C$11.25 price objective on the stock, down from their prior price objective of C$12.50. ATB Cormark Capital Markets’ target price suggests a potential upside of 106.42% from the stock’s previous close.

Bridgemarq Real Estate Services Stock Performance

Shares of BRE stock traded down C$0.85 during trading hours on Monday, reaching C$5.45. 552,763 shares of the company’s stock were exchanged, compared to its average volume of 19,110. Bridgemarq Real Estate Services has a fifty-two week low of C$4.65 and a fifty-two week high of C$15.39. The company has a quick ratio of 3.06, a current ratio of 0.16 and a debt-to-equity ratio of -105.56. The stock has a market capitalization of C$51.69 million, a P/E ratio of -27.25 and a beta of 0.94. The business has a fifty day moving average price of C$13.17 and a 200-day moving average price of C$13.64.

Bridgemarq Real Estate Services (TSE:BRE) last announced its earnings results on Wednesday, May 13th. The company reported C$0.12 earnings per share (EPS) for the quarter. The business had revenue of C$69.87 million for the quarter. Bridgemarq Real Estate Services had a negative net margin of 0.49% and a positive return on equity of 2.19%.

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.