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

Real Matters (TSE:REAL) had its price target lowered by Canaccord Genuity Group from C$10.00 to C$8.50 in a research note released on Friday,BayStreet.CA reports.

Several other equities research analysts have also weighed in on REAL. National Bankshares raised their target price on Real Matters from C$8.00 to C$9.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. BMO Capital Markets raised their target price on Real Matters from C$6.50 to C$7.50 and gave the stock a “market perform” rating in a research report on Friday, August 2nd. Cormark raised their target price on Real Matters from C$8.00 to C$8.75 in a research report on Monday, September 23rd. Raymond James cut their target price on Real Matters from C$10.50 to C$9.00 in a research report on Friday. Finally, TD Securities raised their target price on Real Matters from C$7.00 to C$8.50 in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Real Matters presently has a consensus rating of “Moderate Buy” and an average price target of C$8.82.

Real Matters Price Performance

Shares of TSE REAL opened at C$6.38 on Friday. The company has a debt-to-equity ratio of 2.92, a quick ratio of 3.75 and a current ratio of 4.77. Real Matters has a fifty-two week low of C$4.95 and a fifty-two week high of C$9.46. The firm has a market capitalization 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 simple moving average is C$8.04 and its 200-day simple moving average is C$7.01.

Insider Buying and Selling

In related news, Director Frank Vincent Mcmahon sold 33,451 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of C$9.25, for a total transaction of C$309,425.10. Also, Director Kay Brekken bought 5,600 shares of the stock in a transaction on Friday, September 27th. The stock was bought at an average price of C$8.97 per share, for a total transaction of C$50,239.84. Insiders have sold 182,112 shares of company stock worth $1,541,016 in the last quarter. 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.