Canaccord Genuity Group Increases Real Matters (TSE:REAL) Price Target to C$10.00

Real Matters (TSE:REAL) had its target price boosted by research analysts at Canaccord Genuity Group from C$8.75 to C$10.00 in a report released on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 12.61% from the stock’s previous close.

A number of other research analysts have also weighed in on the company. ATB Capital raised their price objective on Real Matters from C$10.00 to C$11.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. TD Securities upped their target price on shares of Real Matters from C$7.00 to C$8.50 in a research report on Friday, August 2nd. BMO Capital Markets increased 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 report on Friday, August 2nd. Cormark upped their target price on shares of Real Matters from C$8.00 to C$8.75 in a research note on Monday. Finally, National Bankshares lowered shares of Real Matters from an “outperform” rating to a “sector perform” rating and set a C$8.00 target price on the stock. in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$8.96.

Real Matters Price Performance

Real Matters stock traded up C$0.02 during trading on Wednesday, reaching C$8.88. The company had a trading volume of 296,595 shares, compared to its average volume of 66,272. The firm’s 50-day simple moving average is C$7.46 and its 200 day simple moving average is C$6.43. Real Matters has a 1-year low of C$4.43 and a 1-year high of C$8.98. The firm has a market capitalization of C$652.06 million, a PE ratio of 222.00, 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 Buying and Selling at Real Matters

In other news, Director Kimberly Sue Montgomery sold 28,239 shares of the firm’s stock in a transaction 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. In other news, Senior Officer Ryan Jacob Smith sold 91,703 shares of Real Matters stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$8.15, for a total value of C$747,351.94. Also, Director Kimberly Sue Montgomery sold 28,239 shares of the business’s 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. 5.17% of the stock is owned by corporate 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.