Canaccord Genuity Group Has Lowered Expectations for Real Matters (TSE:REAL) Stock Price

Real Matters (TSE:REAL) had its price target lowered by equities researchers at Canaccord Genuity Group from C$10.00 to C$8.50 in a research note issued on Friday,BayStreet.CA reports. Canaccord Genuity Group’s price objective would indicate a potential upside of 33.23% from the company’s previous close.

REAL has been the subject of a number of other reports. National Bankshares upped their price objective on shares of Real Matters from C$8.00 to C$9.00 and gave the stock a “sector perform” rating in a report on Thursday, October 24th. BMO Capital Markets raised their price objective 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. ATB Capital increased their price target 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. Raymond James reduced their price objective on shares of Real Matters from C$10.50 to C$9.00 in a research note on Friday. Finally, TD Securities raised their target price on shares of Real Matters from C$7.00 to C$8.50 in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$8.82.

Real Matters Stock Performance

Shares of REAL stock opened at C$6.38 on Friday. Real Matters has a fifty-two week low of C$4.95 and a fifty-two week high of C$9.46. The stock’s 50-day moving average is C$8.04 and its two-hundred day moving average is C$7.02. 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 firm has a market cap of C$468.48 million, a P/E ratio of 159.50, a PEG ratio of -59.18 and a beta of 0.86.

Insider Activity

In other news, Senior Officer Ryan Jacob Smith sold 91,703 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$8.15, for a total value of C$747,351.94. Also, Director Loren Cooke sold 28,719 shares of the business’s 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 sale, the director now directly owns 114 shares in the company, valued at approximately C$991.80. This represents a 99.60 % decrease in their position. Over the last ninety days, insiders have sold 182,112 shares of company stock worth $1,541,016. Company 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.