BMO Capital Markets Cuts Real Matters (TSE:REAL) Price Target to C$7.00

Real Matters (TSE:REAL) had its price objective cut by BMO Capital Markets from C$7.50 to C$7.00 in a research note published on Friday,BayStreet.CA reports.

Other analysts have also recently issued reports about the company. TD Securities upped their price target on Real Matters from C$7.00 to C$8.50 in a research report on Friday, August 2nd. Canaccord Genuity Group reduced their price objective on Real Matters from C$10.00 to C$8.50 in a research note on Friday. National Bankshares boosted their price objective on Real Matters from C$8.00 to C$9.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 24th. Cormark boosted their price objective on Real Matters from C$8.00 to C$8.75 in a research note on Monday, September 23rd. Finally, Raymond James reduced their price objective on Real Matters from C$10.50 to C$9.00 in a research note on Friday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$8.82.

Real Matters Stock Performance

REAL opened at C$6.38 on Friday. The stock has a market cap of C$468.48 million, a PE ratio of 159.50, a P/E/G 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 has a 1 year low of C$4.95 and a 1 year high of C$9.46. The stock’s 50 day simple moving average is C$8.04 and its 200-day simple moving average is C$7.02.

Insider Activity at Real Matters

In other news, Director Kimberly Sue Montgomery sold 28,239 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of C$8.30, for a total value of C$234,383.70. Also, Senior Officer Ryan Jacob Smith sold 91,703 shares of Real Matters 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. Over the last ninety days, insiders sold 182,112 shares of company stock valued at $1,541,016. 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.