Brokerages Set Real Matters Inc. (TSE:REAL) Target Price at C$8.82

Real Matters Inc. (TSE:REAL) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$8.82.

A number of research analysts recently commented on REAL shares. National Bankshares upped their price objective 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. Raymond James decreased their price target on Real Matters from C$10.50 to C$9.00 in a research note on Friday, November 22nd. Cormark raised their price objective on Real Matters from C$8.00 to C$8.75 in a research report on Monday, September 23rd. Canaccord Genuity Group decreased their target price on shares of Real Matters from C$10.00 to C$8.50 in a research report on Friday, November 22nd. Finally, BMO Capital Markets lowered their target price on shares of Real Matters from C$7.50 to C$7.00 in a research note on Friday, November 22nd.

Real Matters Price Performance

Real Matters stock opened at C$6.76 on Wednesday. The company has a current ratio of 4.77, a quick ratio of 3.75 and a debt-to-equity ratio of 2.92. The stock has a market cap of C$496.39 million, a P/E ratio of 169.00, a PEG ratio of -59.18 and a beta of 0.86. The company has a 50-day moving average price of C$7.93 and a 200 day moving average price of C$7.08. Real Matters has a 12-month low of C$4.95 and a 12-month high of C$9.46.

Insider Buying and Selling

In other news, Director Frank Vincent Mcmahon sold 33,451 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of C$9.25, for a total value of C$309,425.10. Also, Senior Officer Ryan Jacob Smith sold 91,703 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$8.15, for a total transaction of C$747,351.94. Insiders sold 182,112 shares of company stock valued at $1,541,016 in the last three months. 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.