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Has Broadmark Realty Capital Inc (BRMK) Stock's Performance Changed Wall Street's View?

Friday, June 19, 2020 10:40 AM | InvestorsObserver Analysts

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Has Broadmark Realty Capital Inc (BRMK) Stock's Performance Changed Wall Street's View?

InvestorsObserver is giving Broadmark Realty Capital Inc (BRMK) an Analyst Rating Rank of 65, meaning BRMK is ranked higher by analysts than 65% of stocks. The average projection by analysts for BRMK is $11 over the next 12 months and analyst’s classify the stock as a Strong Buy

Overall Score - 4.5
Wall Street analysts are rating BRMK a Strong Buy today. Find out what this means to you and get the rest of the rankings on BRMK!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.

InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Broadmark Realty Capital Inc Stock Today?

Broadmark Realty Capital Inc (BRMK) stock is trading at $10.59 as of 10:39 AM on Friday, Jun 19, an increase of $0.40, or 3.93% from the previous closing price of $10.19. The stock has traded between $10.18 and $10.59 so far today. Volume today is less active than usual. So far 504,308 shares have traded compared to average volume of 912,754 shares.

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