Real Matters (TSE:REAL) Given New C$8.75 Price Target at Canaccord Genuity Group

Real Matters (TSE:REAL) had its price target boosted by Canaccord Genuity Group from C$7.00 to C$8.75 in a research report sent to investors on Friday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also recently issued reports on the stock. ATB Capital increased their price target on shares of Real Matters from C$10.00 to C$11.00 and gave the stock an outperform rating in a research report on Friday. TD Securities raised shares of Real Matters from a hold rating to a buy rating and set a C$7.00 price target on the stock in a research report on Wednesday, May 8th. National Bankshares cut shares of Real Matters from an outperform rating to a sector perform rating and set a C$8.00 price target on the stock. in a research report on Friday. Finally, BMO Capital Markets increased their price target on shares of Real Matters from C$6.50 to C$7.50 and gave the stock a market perform rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of C$8.38.

Real Matters Trading Down 4.4 %

TSE REAL opened at C$7.03 on Friday. The firm’s 50-day moving average is C$6.39 and its two-hundred day moving average is C$6.15. Real Matters has a 12 month low of C$4.43 and a 12 month high of C$7.78. The company has a debt-to-equity ratio of 3.29, a current ratio of 4.28 and a quick ratio of 3.75. The stock has a market capitalization of C$513.61 million, a P/E ratio of -59.30, a PEG ratio of -59.18 and a beta of 0.71.

Insider Buying and Selling

In other news, Director Karen Lynne Martin bought 8,000 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were purchased at an average cost of C$5.94 per share, for a total transaction of C$47,514.40. Insiders own 4.55% of the company’s stock.

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.