Real Matters (TSE:REAL) Price Target Raised to C$17.00

Real Matters (TSE:REAL) had its target price upped by research analysts at Scotiabank from C$14.00 to C$17.00 in a report released on Thursday, BayStreet.CA reports. Scotiabank’s price objective points to a potential upside of 64.89% from the stock’s previous close.

A number of other research analysts have also recently commented on REAL. Canaccord Genuity dropped their price target on Real Matters from C$25.00 to C$22.00 in a research report on Friday, July 30th. National Bankshares cut Real Matters from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$35.00 to C$15.50 in a research report on Friday, July 30th. Raymond James set a C$25.00 price objective on Real Matters and gave the stock an “outperform” rating in a report on Friday, July 30th. Cormark set a C$15.40 price objective on Real Matters in a report on Monday, July 26th. Finally, ATB Capital dropped their price objective on Real Matters from C$26.00 to C$21.00 in a report on Friday, July 30th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Real Matters presently has an average rating of “Buy” and a consensus target price of C$19.04.

Shares of TSE REAL traded up C$0.16 during trading on Thursday, reaching C$10.31. 202,582 shares of the stock traded hands, compared to its average volume of 467,269. Real Matters has a 52-week low of C$9.23 and a 52-week high of C$26.60. The company has a debt-to-equity ratio of 5.20, a current ratio of 3.76 and a quick ratio of 3.66. The company has a 50-day moving average of C$11.31 and a 200-day moving average of C$14.53. The stock has a market capitalization of C$822.18 million and a P/E ratio of 19.64.

In other Real Matters news, Director Jason Smith sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, July 21st. The stock was sold at an average price of C$15.82, for a total value of C$47,451.90. Following the sale, the director now owns 2,503,384 shares of the company’s stock, valued at approximately C$39,596,775.74. In the last ninety days, insiders sold 18,000 shares of company stock worth $266,700.

About Real Matters

Real Matters Inc provides technology and network management solutions to mortgage lending and insurance industries in Canada and the United States. It offers residential mortgage appraisals for purchase, refinance, and home equity transactions under the Solidifi brand to the mortgage lending industry; and insurance inspection services to property and casualty insurers under the iv3 brand.

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Analyst Recommendations for Real Matters (TSE:REAL)

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