Real Matters (TSE:REAL) Price Target Raised to C$10.00

Real Matters (TSE:REAL) had its target price increased by Canaccord Genuity Group from C$8.75 to C$10.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other analysts have also issued reports on the stock. National Bankshares cut shares of Real Matters from an outperform rating to a sector perform rating and set a C$8.00 price target on the stock. in a research note on Friday, August 2nd. BMO Capital Markets increased their target price on 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. Cormark lifted their price target on Real Matters from C$8.00 to C$8.75 in a research report on Monday, September 23rd. TD Securities increased their price objective on Real Matters from C$7.00 to C$8.50 in a report on Friday, August 2nd. Finally, ATB Capital lifted their target price on Real Matters from C$10.00 to C$11.00 and gave the company an outperform rating in a 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. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of C$8.96.

Real Matters Trading Up 1.0 %

Shares of REAL opened at C$9.15 on Wednesday. The firm has a market cap of C$671.88 million, a P/E ratio of 228.75, a price-to-earnings-growth ratio of -59.18 and a beta of 0.83. Real Matters has a fifty-two week low of C$4.43 and a fifty-two 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 business has a 50-day moving average of C$7.54 and a 200 day moving average of C$6.46.

Insiders Place Their Bets

In other news, Senior Officer Ryan Jacob Smith sold 91,703 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$8.15, for a total transaction of C$747,351.94. In other news, Senior Officer Ryan Jacob Smith sold 91,703 shares of Real Matters 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. Also, Director Loren Cooke sold 28,719 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$8.70, for a total value of C$249,855.30. Following the completion of the transaction, the director now directly owns 114 shares in the company, valued at approximately C$991.80. Insiders have sold 148,661 shares of company stock worth $1,231,591 in the last ninety days. 5.17% of the stock is currently owned by 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.