BMO Capital Markets Issues Pessimistic Forecast for Real Matters (TSE:REAL) Stock Price

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

A number of other equities analysts have also commented on REAL. Cormark raised their price objective on Real Matters from C$8.00 to C$8.75 in a research note on Monday, September 23rd. National Bankshares boosted 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. ATB Capital increased their price objective on shares of Real Matters from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Raymond James decreased their target price on shares of Real Matters from C$10.50 to C$9.00 in a report on Friday. Finally, Canaccord Genuity Group cut their price target on shares of Real Matters from C$10.00 to C$8.50 in a report on Friday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Real Matters presently has a consensus rating of “Moderate Buy” and an average price target of C$8.82.

Real Matters Stock Performance

Shares of TSE:REAL opened at C$6.38 on Friday. 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 12-month low of C$4.95 and a 12-month high of C$9.46. The company’s 50 day moving average price is C$8.04 and its two-hundred day moving average price is C$7.02. The firm has a market cap of C$468.48 million, a PE ratio of 159.50, a PEG ratio of -59.18 and a beta of 0.86.

Insider Transactions at Real Matters

In related news, Director Kay Brekken purchased 5,600 shares of the stock in a transaction dated Friday, September 27th. The stock was bought at an average cost of C$8.97 per share, for a total transaction of C$50,239.84. Also, Director Frank Vincent Mcmahon sold 33,451 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of C$9.25, for a total value of C$309,425.10. Over the last 90 days, insiders sold 182,112 shares of company stock valued at $1,541,016. 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.