Raymond James Has Lowered Expectations for Real Matters (TSE:REAL) Stock Price

Real Matters (TSE:REAL) had its target price trimmed by Raymond James from C$10.50 to C$9.00 in a research report released on Friday morning,BayStreet.CA reports.

A number of other brokerages have also recently issued reports on REAL. Cormark upped their target price on Real Matters from C$8.00 to C$8.75 in a report on Monday, September 23rd. TD Securities increased their price target on Real Matters from C$7.00 to C$8.50 in a research note on Friday, August 2nd. BMO Capital Markets increased their price target on Real Matters from C$6.50 to C$7.50 and gave the company a “market perform” rating in a research note on Friday, August 2nd. Canaccord Genuity Group increased their price target on Real Matters from C$8.75 to C$10.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Finally, National Bankshares increased their price target on 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. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus 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 fifty day moving average price of C$8.01 and a 200-day moving average price of C$7.02. The company has a market cap of C$467.75 million, a price-to-earnings ratio of 159.25, a PEG ratio of -59.18 and a beta of 0.86. The company has a debt-to-equity ratio of 2.92, a quick ratio of 3.75 and a current ratio of 4.77. Real Matters has a fifty-two week low of C$4.95 and a fifty-two week high of C$9.46.

Insiders Place Their Bets

In other news, 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 value of C$234,383.70. Also, Senior Officer Ryan Jacob Smith sold 91,703 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$8.15, for a total value of C$747,351.94. Over the last quarter, insiders have sold 182,112 shares of company stock worth $1,541,016. Corporate insiders own 5.17% of the company’s stock.

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.