Raymond James Cuts Real Matters (TSE:REAL) Price Target to C$9.00

Real Matters (TSE:REAL) had its target price dropped by Raymond James from C$10.50 to C$9.00 in a note issued to investors on Friday,BayStreet.CA reports. Raymond James’ price target suggests a potential upside of 41.07% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the company. ATB Capital raised their price objective on 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. Cormark raised their price target on shares of Real Matters from C$8.00 to C$8.75 in a research report on Monday, September 23rd. National Bankshares boosted their price objective on shares of Real Matters from C$8.00 to C$9.00 and gave the company a “sector perform” rating in a research report on Thursday, October 24th. BMO Capital Markets raised their target price on shares of Real Matters from C$6.50 to C$7.50 and gave the stock a “market perform” rating in a report on Friday, August 2nd. Finally, Canaccord Genuity Group lifted their target price on Real Matters from C$8.75 to C$10.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$8.82.

Real Matters Trading Up 0.2 %

TSE:REAL opened at C$6.38 on Friday. The company has a market cap of C$468.48 million, a PE ratio of 159.50, a P/E/G ratio of -59.18 and a beta of 0.86. The business’s 50 day moving average is C$8.04 and its two-hundred day moving average is C$7.02. The company has a quick ratio of 3.75, a current ratio of 4.77 and a debt-to-equity ratio of 2.92. Real Matters has a 52 week low of C$4.95 and a 52 week high of C$9.46.

Insider Buying and Selling

In other Real Matters news, Director Frank Vincent Mcmahon sold 33,451 shares of Real Matters stock in a transaction on Monday, September 30th. The stock was sold at an average price of C$9.25, for a total transaction of C$309,425.10. Also, Senior Officer Ryan Jacob Smith sold 91,703 shares of the stock in a transaction 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 have sold a total of 182,112 shares of company stock valued at $1,541,016 in the last quarter. Company 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.