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

Real Matters (TSE:REAL) had its price target dropped by equities researchers at Cormark from C$8.75 to C$7.50 in a note issued to investors on Thursday,BayStreet.CA reports. Cormark’s target price would suggest a potential upside of 24.17% from the company’s current price.

Several other equities analysts have also issued reports on REAL. National Bankshares lifted their target price 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. 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, November 22nd. Canaccord Genuity Group lowered their target price on shares of Real Matters from C$10.00 to C$8.50 in a research note on Friday, November 22nd. Finally, BMO Capital Markets decreased their price objective on Real Matters from C$7.50 to C$7.00 in a report on Friday, November 22nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$8.64.

Real Matters Stock Down 3.5 %

Shares of TSE REAL opened at C$6.04 on Thursday. Real Matters has a 12-month low of C$4.95 and a 12-month high of C$9.46. The stock’s fifty day simple moving average is C$6.74 and its two-hundred day simple moving average is C$7.32. The stock has a market capitalization of C$443.52 million, a PE ratio of 151.00, a price-to-earnings-growth ratio of -59.18 and a beta of 0.86. The company has a current ratio of 4.77, a quick ratio of 3.75 and a debt-to-equity ratio of 2.92.

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.