Canaccord Genuity Group Cuts Real Matters (TSE:REAL) Price Target to C$8.50

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

Other analysts have also issued research reports about the company. National Bankshares boosted their price target on Real Matters from C$8.00 to C$9.00 and gave the company a “sector perform” rating in a report on Thursday, October 24th. Cormark boosted their price objective on Real Matters from C$8.00 to C$8.75 in a research report on Monday, September 23rd. TD Securities boosted their price objective on Real Matters from C$7.00 to C$8.50 in a research report on Friday, August 2nd. BMO Capital Markets boosted their price objective on Real Matters from C$6.50 to C$7.50 and gave the company a “market perform” rating in a research report on Friday, August 2nd. Finally, Raymond James lowered their price objective on Real Matters from C$10.50 to C$9.00 in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$8.82.

Real Matters Stock Performance

TSE:REAL opened at C$6.37 on Friday. The stock has a 50-day simple moving average of C$8.01 and a two-hundred day simple moving average of C$7.02. Real Matters has a 52-week low of C$4.95 and a 52-week high of C$9.46. The company has a debt-to-equity ratio of 2.92, a quick ratio of 3.75 and a current ratio of 4.77. The firm has a market capitalization of C$467.75 million, a PE ratio of 159.25, a P/E/G ratio of -59.18 and a beta of 0.86.

Insider Buying and Selling

In related news, Director Kay Brekken acquired 5,600 shares of Real Matters stock in a transaction on Friday, September 27th. The shares were bought at an average cost of C$8.97 per share, with a total value of C$50,239.84. Also, Director Frank Vincent Mcmahon sold 33,451 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of C$9.25, for a total value of C$309,425.10. Over the last three months, insiders have sold 182,112 shares of company stock worth $1,541,016. Corporate 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.