Raymond James Lowers Real Matters (TSE:REAL) Price Target to C$9.00

Real Matters (TSE:REAL) had its price target dropped by investment analysts at Raymond James from C$10.50 to C$9.00 in a research report issued on Friday,BayStreet.CA reports. Raymond James’ price objective would indicate a potential upside of 41.29% from the stock’s current price.

REAL has been the topic of several other reports. Canaccord Genuity Group upped their target price on Real Matters from C$8.75 to C$10.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. National Bankshares increased their price objective on Real Matters from C$8.00 to C$9.00 and gave the stock a “sector perform” rating in a report on Thursday, October 24th. Cormark lifted their target price on shares of Real Matters from C$8.00 to C$8.75 in a research note on Monday, September 23rd. TD Securities boosted their target price on shares of Real Matters from C$7.00 to C$8.50 in a research report on Friday, August 2nd. Finally, ATB Capital raised their price target on shares of Real Matters from C$10.00 to C$11.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$8.82.

Real Matters Price Performance

Shares of TSE:REAL remained flat at C$6.37 during trading on Friday. 146,779 shares of the company’s stock were exchanged, compared to its average volume of 70,697. The company has a fifty day simple moving average of C$8.07 and a two-hundred day simple moving average of C$7.00. The company has a current ratio of 4.77, a quick ratio of 3.75 and a debt-to-equity ratio of 2.92. Real Matters has a 52 week low of C$4.95 and a 52 week high of C$9.46. The firm has a market cap of C$467.75 million, a price-to-earnings ratio of 159.25, a P/E/G ratio of -59.18 and a beta of 0.86.

Insider Transactions at Real Matters

In other Real Matters news, Director Kay Brekken bought 5,600 shares of the stock in a transaction on Friday, September 27th. The shares were purchased at an average price of C$8.97 per share, with a total value of C$50,239.84. Also, Senior Officer Ryan Jacob Smith sold 91,703 shares of Real Matters stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$8.15, for a total value of C$747,351.94. Over the last three months, insiders sold 182,112 shares of company stock worth $1,541,016. 5.17% of the stock is owned by insiders.

About Real Matters

Real Matters Inc operates as a technology and network management company in Canada and the United States. It operates through three segments: U.S. Appraisal, U.S. Title, and Canada. It offers residential mortgage appraisals for purchase, refinance, and home equity and default transactions to the mortgage lending industry, as well as title services for refinance, purchase, home equity, short sale, and real estate-owned transactions to financial institutions under the Solidifi brand; and insurance inspection services to property and casualty insurers under the iv3 brand.