Brokerages Set Real Matters Inc. (TSE:REAL) PT at C$8.96

Real Matters Inc. (TSE:REAL) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is C$9.18.

A number of research analysts have recently commented on REAL shares. Canaccord Genuity Group increased their price objective 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. Cormark increased their price target on shares of Real Matters from C$8.00 to C$8.75 in a research note on Monday, September 23rd. ATB Capital raised their price objective on shares of Real Matters from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Raymond James upped their target price on shares of Real Matters from C$8.00 to C$10.50 and gave the company an “outperform” rating in a report on Tuesday. Finally, BMO Capital Markets lifted their price target on shares of Real Matters from C$6.50 to C$7.50 and gave the stock a “market perform” rating in a research note on Friday, August 2nd.

Insiders Place Their Bets

In related news, Senior Officer Ryan Jacob Smith sold 91,703 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$8.15, for a total value of C$747,351.94. In other Real Matters news, Director Kimberly Sue Montgomery sold 28,239 shares of the business’s stock in a transaction 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 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. Over the last quarter, insiders sold 182,112 shares of company stock worth $1,541,016. 5.17% of the stock is owned by corporate insiders.

Real Matters Stock Performance

Shares of Real Matters stock opened at C$8.91 on Tuesday. The business has a 50-day simple moving average of C$7.90 and a 200-day simple moving average of C$6.63. 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 one year low of C$4.43 and a one year high of C$9.46. The company has a market cap of C$654.26 million, a PE ratio of 224.75, a P/E/G ratio of -59.18 and a beta of 0.86.

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.