Real Matters (TSE:REAL) Price Target Lowered to C$7.00 at BMO Capital Markets

Real Matters (TSE:REAL) had its target price reduced by BMO Capital Markets from C$7.50 to C$7.00 in a research report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 9.72% from the company’s current price.

Several other equities research analysts have also recently weighed in on REAL. Canaccord Genuity Group decreased their price target on Real Matters from C$10.00 to C$8.50 in a research note on Friday. TD Securities boosted their price target on shares of Real Matters from C$7.00 to C$8.50 in a research report on Friday, August 2nd. National Bankshares upped their price objective on shares of Real Matters from C$8.00 to C$9.00 and gave the company a “sector perform” rating in a research note on Thursday, October 24th. Raymond James lowered their target price on shares of Real Matters from C$10.50 to C$9.00 in a research note on Friday. Finally, Cormark upped their price target on shares of Real Matters from C$8.00 to C$8.75 in a research report on Monday, September 23rd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Real Matters presently has a consensus rating of “Moderate Buy” and an average price target of C$8.82.

Real Matters Stock Performance

TSE REAL opened at C$6.38 on Friday. The company has a market capitalization of C$468.48 million, a price-to-earnings ratio of 159.50, a PEG ratio of -59.18 and a beta of 0.86. The company has a quick ratio of 3.75, a current ratio of 4.77 and a debt-to-equity ratio of 2.92. Real Matters has a twelve month low of C$4.95 and a twelve month high of C$9.46. The stock has a fifty day simple moving average of C$8.04 and a 200 day simple moving average of C$7.02.

Insider Buying and Selling

In related news, Director Kimberly Sue Montgomery sold 28,239 shares of Real Matters stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of C$8.30, for a total value of C$234,383.70. Also, Senior Officer Ryan Jacob Smith sold 91,703 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$8.15, for a total transaction of C$747,351.94. Insiders have sold a total of 182,112 shares of company stock valued at $1,541,016 over the last ninety days. 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.