Real Matters (TSE:REAL) Sets New 1-Year High on Analyst Upgrade

Shares of Real Matters Inc. (TSE:REAL) reached a new 52-week high during mid-day trading on Tuesday after Cormark raised their price target on the stock from C$8.00 to C$8.75. The stock traded as high as C$8.75 and last traded at C$8.67, with a volume of 1702 shares trading hands. The stock had previously closed at C$8.61.

REAL has been the subject of a number of other reports. National Bankshares cut shares of Real Matters from an “outperform” rating to a “sector perform” rating and set a C$8.00 price target for the company. in a report on Friday, August 2nd. Canaccord Genuity Group raised their price target on shares of Real Matters from C$7.00 to C$8.75 and gave the company a “buy” rating in a research report on Friday, August 2nd. BMO Capital Markets lifted 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. ATB Capital lifted 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. Finally, TD Securities upped their price target on Real Matters from C$7.00 to C$8.50 in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$8.75.

Insider Activity

In other Real Matters news, Director Kimberly Sue Montgomery sold 28,239 shares of the firm’s stock in a transaction dated 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 related news, Senior Officer Ryan Jacob Smith sold 91,703 shares of Real Matters stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$8.15, for a total transaction of C$747,351.94. Also, Director Kimberly Sue Montgomery sold 28,239 shares of the firm’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 transaction of C$234,383.70. Company insiders own 5.17% of the company’s stock.

Real Matters Stock Performance

The company has a debt-to-equity ratio of 2.92, a current ratio of 4.77 and a quick ratio of 3.75. The company has a market capitalization of C$627.83 million, a price-to-earnings ratio of 215.25, a price-to-earnings-growth ratio of -59.18 and a beta of 0.83. The firm has a fifty day simple moving average of C$7.41 and a 200 day simple moving average of C$6.41.

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.