Canaccord Genuity Group Has Lowered Expectations for Real Matters (TSE:REAL) Stock Price

Real Matters (TSE:REAL) had its price objective cut by Canaccord Genuity Group from C$10.00 to C$8.50 in a report released on Friday morning,BayStreet.CA reports.

Several other analysts also recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of 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. TD Securities boosted their price objective on shares of Real Matters from C$7.00 to C$8.50 in a research report on Friday, August 2nd. ATB Capital boosted 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 research report on Friday, August 2nd. Raymond James reduced their price objective on shares of Real Matters from C$10.50 to C$9.00 in a research report on Friday. Finally, Cormark upped their price target on shares of Real Matters from C$8.00 to C$8.75 in a research report on Monday, September 23rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$8.82.

Real Matters Stock Up 0.2 %

Shares of TSE:REAL opened at C$6.38 on Friday. The company has a market capitalization 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 company has a current ratio of 4.77, a quick ratio of 3.75 and a debt-to-equity ratio of 2.92. Real Matters has a twelve month low of C$4.95 and a twelve month high of C$9.46. The firm has a 50 day simple moving average of C$8.04 and a 200-day simple moving average of C$7.02.

Insider Activity at Real Matters

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 shares were 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 business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$8.15, for a total transaction of C$747,351.94. Insiders sold a total of 182,112 shares of company stock worth $1,541,016 in the last 90 days. 5.17% of the stock is owned by insiders.

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.