Real Matters (TSE:REAL) PT Raised to C$8.75

Real Matters (TSE:REAL) had its target price hoisted by research analysts at Cormark from C$8.00 to C$8.75 in a report released on Monday, BayStreet.CA reports. Cormark’s price objective would suggest a potential downside of 1.24% from the stock’s current price.

Several other analysts also recently weighed in on the company. BMO Capital Markets upped 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 report on Friday, August 2nd. Canaccord Genuity Group upped their target price on Real Matters from C$7.00 to C$8.75 and gave the stock a “buy” rating 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. TD Securities upped their target price on Real Matters from C$7.00 to C$8.50 in a report on Friday, August 2nd. Finally, National Bankshares cut Real Matters from an “outperform” rating to a “sector perform” rating and set a C$8.00 target price for the company. in a report 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$8.75.

Real Matters Stock Performance

TSE:REAL opened at C$8.86 on Monday. 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$4.43 and a fifty-two week high of C$8.92. The company has a market cap of C$650.59 million, a price-to-earnings ratio of 221.50, a PEG ratio of -59.18 and a beta of 0.83. The stock has a fifty day moving average price of C$7.46 and a 200-day moving average price of C$6.43.

Insider Activity

In other news, Director Kimberly Sue Montgomery sold 28,239 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of C$8.30, for a total value of C$234,383.70. In related news, Director Kimberly Sue Montgomery sold 28,239 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of C$8.30, for a total transaction of C$234,383.70. Also, Senior Officer Ryan Jacob Smith sold 91,703 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$8.15, for a total value of C$747,351.94. Insiders own 5.17% of the company’s stock.

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.