Raymond James Issues Pessimistic Forecast for Real Matters (TSE:REAL) Stock Price

Real Matters (TSE:REAL) had its target price dropped by equities researchers at Raymond James from C$10.50 to C$9.00 in a research note issued to investors on Friday,BayStreet.CA reports. Raymond James’ price objective points to a potential upside of 41.07% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. BMO Capital Markets raised their price objective on Real Matters from C$6.50 to C$7.50 and gave the stock a “market perform” rating in a report on Friday, August 2nd. Cormark raised their price target on Real Matters from C$8.00 to C$8.75 in a research note on Monday, September 23rd. TD Securities upped their price objective on shares of Real Matters from C$7.00 to C$8.50 in a research note on Friday, August 2nd. National Bankshares raised their target price on shares of Real Matters from C$8.00 to C$9.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. Finally, ATB Capital upped their price target 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. Two research 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 currently has an average rating of “Moderate Buy” and a consensus target price of C$8.82.

Real Matters Stock Performance

Shares of REAL opened at C$6.38 on Friday. Real Matters has a 1 year low of C$4.95 and a 1 year high of C$9.46. The company’s 50 day simple moving average is C$8.04 and its 200 day simple moving average is C$7.02. 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 debt-to-equity ratio of 2.92, a quick ratio of 3.75 and a current ratio of 4.77.

Insider Activity at Real Matters

In other Real Matters news, Senior Officer Ryan Jacob Smith sold 91,703 shares of the company’s 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 Frank Vincent Mcmahon sold 33,451 shares of the stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of C$9.25, for a total transaction of C$309,425.10. Over the last quarter, insiders have sold 182,112 shares of company stock worth $1,541,016. Company insiders own 5.17% of the company’s stock.

Real Matters Company Profile

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.