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

Real Matters (TSE:REAL) had its price target reduced by equities researchers at Raymond James from C$10.50 to C$9.00 in a note issued to investors on Friday,BayStreet.CA reports. Raymond James’ target price would suggest a potential upside of 41.29% from the stock’s current price.

A number of other equities analysts also recently commented on the company. 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. Canaccord Genuity Group increased their target price on Real Matters from C$8.75 to C$10.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. National Bankshares boosted their price target on Real Matters from C$8.00 to C$9.00 and gave the company a “sector perform” rating in a report on Thursday, October 24th. BMO Capital Markets raised their price objective on Real Matters from C$6.50 to C$7.50 and gave the stock a “market perform” rating in a research note on Friday, August 2nd. Finally, Cormark lifted their price objective on shares of Real Matters from C$8.00 to C$8.75 in a report on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$8.82.

Real Matters Price Performance

REAL remained flat at C$6.37 on Friday. The company had a trading volume of 146,779 shares, compared to its average volume of 70,697. Real Matters has a 1 year low of C$4.95 and a 1 year high of C$9.46. The firm has a 50-day moving average of C$8.07 and a 200 day moving average of C$7.00. The company has a debt-to-equity ratio of 2.92, a quick ratio of 3.75 and a current ratio of 4.77. The firm has a market cap of C$467.75 million, a PE ratio of 159.25, a price-to-earnings-growth ratio of -59.18 and a beta of 0.86.

Insider Activity at Real Matters

In other news, Senior Officer Ryan Jacob Smith sold 91,703 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$8.15, for a total transaction of C$747,351.94. Also, Director Loren Cooke sold 28,719 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$8.70, for a total value of C$249,855.30. Following the sale, the director now directly owns 114 shares in the company, valued at C$991.80. This trade represents a 99.60 % decrease in their ownership of the stock. Insiders sold 182,112 shares of company stock valued at $1,541,016 over the last 90 days. 5.17% of the stock is currently owned by corporate insiders.

Real Matters Company Profile

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.