Real Matters (TSE:REAL) Sets New 52-Week High at $8.44

Real Matters Inc. (TSE:REAL)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$8.44 and last traded at C$8.35, with a volume of 338964 shares changing hands. The stock had previously closed at C$8.27.

Analyst Ratings Changes

REAL has been the topic of a number of research reports. ATB Capital upped 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 note on Friday, August 2nd. Canaccord Genuity Group raised their price target on Real Matters from C$7.00 to C$8.75 and gave the stock a “buy” rating 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 target for the company. in a research note on Friday, August 2nd. BMO Capital Markets raised their price objective on shares of Real Matters from C$6.50 to C$7.50 and gave the company a “market perform” rating in a research report on Friday, August 2nd. Finally, TD Securities boosted their target price on shares of Real Matters from C$7.00 to C$8.50 in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$8.38.

Real Matters Stock Up 4.3 %

The firm’s 50-day simple moving average is C$7.33 and its 200-day simple moving average is C$6.37. The company has a market capitalization of C$638.11 million, a price-to-earnings ratio of 217.25, a price-to-earnings-growth ratio of -59.18 and a beta of 0.83. The company has a debt-to-equity ratio of 2.92, a quick ratio of 3.75 and a current ratio of 4.77.

Insider Activity at Real Matters

In other news, Senior Officer Ryan Jacob Smith sold 91,703 shares of the business’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 transaction of C$747,351.94. In other news, Director Kimberly Sue Montgomery sold 28,239 shares of the 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 value 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. Corporate insiders own 5.17% 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.