Real Matters (TSE:REAL) Price Target Cut to C$8.50 by Analysts at Canaccord Genuity Group

Real Matters (TSE:REAL) had its target price reduced by Canaccord Genuity Group from C$10.00 to C$8.50 in a report published on Friday morning,BayStreet.CA reports.

A number of other research firms also recently weighed in on REAL. ATB Capital lifted their price target on Real Matters from C$10.00 to C$11.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. TD Securities lifted their price target on Real Matters from C$7.00 to C$8.50 in a research note on Friday, August 2nd. BMO Capital Markets lifted their price target on Real Matters from C$6.50 to C$7.50 and gave the company a “market perform” rating in a research note on Friday, August 2nd. National Bankshares lifted 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. Finally, Raymond James reduced their price objective on Real Matters from C$10.50 to C$9.00 in a report on Friday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Real Matters presently has an average rating of “Moderate Buy” and a consensus price target of C$8.82.

Real Matters Stock Up 0.2 %

Real Matters stock opened at C$6.38 on Friday. The company has a debt-to-equity ratio of 2.92, a current ratio of 4.77 and a quick ratio of 3.75. Real Matters has a 1-year low of C$4.95 and a 1-year high of C$9.46. The company has a market cap of C$468.48 million, a PE ratio of 159.50, a price-to-earnings-growth ratio of -59.18 and a beta of 0.86. The stock’s 50 day moving average price is C$8.04 and its 200 day moving average price is C$7.01.

Insider Buying and Selling

In other news, Director Kimberly Sue Montgomery sold 28,239 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of C$8.30, for a total value of C$234,383.70. Also, Senior Officer Ryan Jacob Smith sold 91,703 shares of the business’s stock in a transaction 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 ninety days, insiders sold 182,112 shares of company stock valued at $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.