Bridgemarq Real Estate Services (TSE:BRE) Stock Price Up 9.8% – Should You Buy?

Bridgemarq Real Estate Services Inc. (TSE:BRE) shot up 9.8% on Thursday. The stock traded as high as C$2.59 and last traded at C$2.47. Approximately 107,074 shares were traded during trading, an increase of 197% from the average daily volume of 36,018 shares. The stock had previously closed at C$2.25.

Analyst Upgrades and Downgrades

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

Bridgemarq Real Estate Services Stock Performance

The company has a debt-to-equity ratio of -100.21, a current ratio of 0.25 and a quick ratio of 3.06. The stock has a market cap of C$23.05 million, a P/E ratio of 9.72 and a beta of 0.88. The stock has a 50-day simple moving average of C$2.83 and a 200-day simple moving average of C$9.47.

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

Bridgemarq Real Estate Services Company Profile

Bridgemarq is a leading provider of services to residential real estate brokers and a network of approximately 20,000 REALTORS through its franchise network and corporately owned brokerages. We operate in Canada under the Royal LePage, Proprio Direct, Via Capitale, Johnston & Daniel and Les Immeubles Mont-Tremblant brands.