Real Matters Inc. (TSE:REAL) Receives C$8.96 Average Price Target from Analysts

Real Matters Inc. (TSE:REAL) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$9.18.

A number of brokerages have commented on REAL. National Bankshares cut shares of Real Matters from an “outperform” rating to a “sector perform” rating and set a C$8.00 price objective for the company. in a research note on Friday, August 2nd. Cormark upped their price objective on shares of Real Matters from C$8.00 to C$8.75 in a research note on Monday, September 23rd. BMO Capital Markets lifted their price target on Real Matters from C$6.50 to C$7.50 and gave the company a “market perform” rating in a report on Friday, August 2nd. Raymond James lifted their price objective on shares of Real Matters from C$8.00 to C$10.50 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Finally, Canaccord Genuity Group boosted their price target on Real Matters from C$8.75 to C$10.00 and gave the company a “buy” rating in a report on Wednesday, September 25th.

Insiders Place Their Bets

In related news, Senior Officer Ryan Jacob Smith sold 91,703 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$8.15, for a total transaction of C$747,351.94. In other Real Matters news, Senior Officer Ryan Jacob Smith sold 91,703 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$8.15, for a total value of C$747,351.94. Also, Director Kimberly Sue Montgomery sold 28,239 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of C$8.30, for a total value of C$234,383.70. Insiders have sold a total of 182,112 shares of company stock valued at $1,541,016 in the last 90 days. 5.17% of the stock is owned by insiders.

Real Matters Trading Down 0.8 %

Shares of REAL opened at C$8.84 on Tuesday. The stock has a market capitalization of C$649.12 million, a PE ratio of 221.00, a P/E/G ratio of -59.18 and a beta of 0.86. The company’s fifty day moving average is C$7.99 and its 200 day moving average is C$6.69. 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$9.46.

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.