Real Matters (TSE:REAL) Reaches New 52-Week High at $7.55

Shares of Real Matters Inc. (TSE:REAL) reached a new 52-week high on Wednesday . The stock traded as high as C$7.55 and last traded at C$7.41, with a volume of 64687 shares traded. The stock had previously closed at C$7.03.

Analysts Set New Price Targets

REAL has been the subject of several recent research reports. Canaccord Genuity Group increased their target price on shares of Real Matters from C$7.00 to C$8.75 and gave the stock a “buy” rating in a report on Friday, August 2nd. TD Securities increased their price objective on shares of Real Matters from C$7.00 to C$8.50 in a research note on Friday, August 2nd. National Bankshares cut Real Matters from an “outperform” rating to a “sector perform” rating and set a C$8.00 price objective for the company. in a report on Friday, August 2nd. ATB Capital upped their target price on Real Matters from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Finally, BMO Capital Markets raised 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. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$8.38.

Real Matters Stock Performance

The company has a fifty day moving average of C$6.67 and a two-hundred day moving average of C$6.20. The firm has a market capitalization of C$546.32 million, a price-to-earnings ratio of 148.80, a PEG ratio of -59.18 and a beta of 0.82. The company has a debt-to-equity ratio of 2.92, a quick ratio of 3.75 and a current ratio of 4.77.

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.