Raymond James Cuts Real Matters (TSE:REAL) Price Target to C$9.00

Real Matters (TSE:REAL) had its target price reduced by Raymond James from C$10.50 to C$9.00 in a research report released on Friday morning,BayStreet.CA reports.

Other equities analysts also recently issued research reports about the company. National Bankshares lifted 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. BMO Capital Markets boosted their price target on shares of Real Matters from C$6.50 to C$7.50 and gave the company a “market perform” rating in a research report on Friday, August 2nd. TD Securities upped their target price on shares of Real Matters from C$7.00 to C$8.50 in a research report on Friday, August 2nd. Cormark upped their price target on shares of Real Matters from C$8.00 to C$8.75 in a research report on Monday, September 23rd. Finally, ATB Capital upped their price target on shares of Real Matters from C$10.00 to C$11.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$8.82.

Real Matters Stock Performance

Shares of REAL opened at C$6.38 on Friday. 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 stock has a 50-day moving average of C$8.04 and a 200-day moving average of C$7.02. The company 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. Real Matters has a one year low of C$4.95 and a one year high of C$9.46.

Insider Buying and Selling at Real Matters

In other Real Matters news, Senior Officer Ryan Jacob Smith sold 91,703 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$8.15, for a total transaction 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 sold 182,112 shares of company stock valued at $1,541,016. Corporate 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.