Real Matters (TSE:REAL) Price Target Cut to C$8.50 by Analysts at Canaccord Genuity Group

Real Matters (TSE:REAL) had its price target reduced by analysts at Canaccord Genuity Group from C$10.00 to C$8.50 in a research note issued on Friday,BayStreet.CA reports. Canaccord Genuity Group’s target price suggests a potential upside of 33.44% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. National Bankshares raised their target price on shares of Real Matters from C$8.00 to C$9.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. TD Securities raised their price objective on shares of Real Matters from C$7.00 to C$8.50 in a report on Friday, August 2nd. ATB Capital upped their target price on Real Matters from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Cormark increased their target price on Real Matters from C$8.00 to C$8.75 in a research report on Monday, September 23rd. Finally, Raymond James dropped their price target on Real Matters from C$10.50 to C$9.00 in a research report on Friday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$8.82.

Real Matters Stock Performance

Shares of Real Matters stock remained flat at C$6.37 during midday trading on Friday. The company had a trading volume of 146,779 shares, compared to its average volume of 70,697. The company’s 50 day moving average is C$8.07 and its 200 day moving average is C$7.00. Real Matters has a one year low of C$4.95 and a one year high of C$9.46. The company has a market capitalization of C$467.75 million, a P/E ratio of 159.25, a PEG ratio of -59.18 and a beta of 0.86. 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 related news, Director Loren Cooke sold 28,719 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$8.70, for a total value of C$249,855.30. Following the completion of the transaction, the director now directly owns 114 shares in the company, valued at C$991.80. The trade was a 99.60 % decrease in their position. Also, Senior Officer Ryan Jacob Smith sold 91,703 shares of the 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. Insiders sold a total of 182,112 shares of company stock valued at $1,541,016 in the last 90 days. 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.