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Bridgemarq Real Estate Services (TSE:BRE) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Bridgemarq Real Estate Services logo with Real Estate background

Key Points

  • Bridgemarq Real Estate Services Inc. shares have surpassed their 200-day moving average of C$14.34, trading at a high of C$15.05.
  • Cormark has downgraded the stock from a "moderate buy" to a "hold" rating, with an average consensus price target of C$18.00.
  • The company recently declared a monthly dividend of $0.1125 per share, representing a high annualized dividend yield of 9.0%.
  • Want stock alerts on Bridgemarq Real Estate Services? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Bridgemarq Real Estate Services Inc. (TSE:BRE - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.34 and traded as high as C$15.05. Bridgemarq Real Estate Services shares last traded at C$15.02, with a volume of 7,843 shares.

Analysts Set New Price Targets

Separately, Cormark lowered shares of Bridgemarq Real Estate Services from a "moderate buy" rating to a "hold" rating in a report on Friday, August 15th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Bridgemarq Real Estate Services has a consensus rating of "Hold" and an average target price of C$18.00.

View Our Latest Analysis on BRE

Bridgemarq Real Estate Services Trading Up 0.1%

The stock has a 50-day moving average price of C$15.04 and a two-hundred day moving average price of C$14.36. The stock has a market capitalization of C$143.25 million, a P/E ratio of -44.56 and a beta of 1.28. The company has a debt-to-equity ratio of -127.66, a quick ratio of 3.06 and a current ratio of 0.40.

Bridgemarq Real Estate Services Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 29th will be issued a $0.1125 dividend. This represents a c) annualized dividend and a dividend yield of 9.0%. The ex-dividend date is Thursday, July 31st. Bridgemarq Real Estate Services's dividend payout ratio is presently -399.68%.

About Bridgemarq Real Estate Services

(Get Free Report)

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.

See Also

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