Bridgemarq Real Estate Services (TSE:BRE) Stock Rating Upgraded by 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 a “moderate buy” rating in a research note issued to investors on Monday, MarketBeat reports. The firm presently has a C$11.25 price target on the stock, down from their previous price target of C$12.50. ATB Cormark Capital Markets’ target price would suggest a potential upside of 106.80% from the company’s previous close.

Bridgemarq Real Estate Services Stock Down 2.7%

TSE:BRE opened at C$5.44 on Monday. The firm has a market capitalization of C$51.59 million, a price-to-earnings ratio of -27.20 and a beta of 0.94. Bridgemarq Real Estate Services has a 1-year low of C$4.65 and a 1-year high of C$15.39. The company has a current ratio of 0.16, a quick ratio of 3.06 and a debt-to-equity ratio of -105.56. The business’s fifty day moving average price is C$12.85 and its 200 day moving average price is C$13.53.

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