BMO Capital Markets Has Lowered Expectations for Real Matters (TSE:REAL) Stock Price

Real Matters (TSE:REAL - Get Free Report) had its target price dropped by investment analysts at BMO Capital Markets from C$7.50 to C$7.00 in a report released on Friday,BayStreet.CA reports. BMO Capital Markets' price target would indicate a potential upside of 9.72% from the stock's previous close.

A number of other research firms have also commented on REAL. Cormark upped their price target on Real Matters from C$8.00 to C$8.75 in a research report on Monday, September 23rd. ATB Capital upped their target price on Real Matters from C$10.00 to C$11.00 and gave the company an "outperform" rating in a report on Friday, August 2nd. TD Securities lifted their price target on shares of Real Matters from C$7.00 to C$8.50 in a report on Friday, August 2nd. Canaccord Genuity Group reduced their price objective on shares of Real Matters from C$10.00 to C$8.50 in a research report on Friday. Finally, 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. Two 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, Real Matters presently has an average rating of "Moderate Buy" and a consensus price target of C$8.82.

Real Matters Trading Up 0.2 %

Shares of TSE:REAL traded up C$0.01 during midday trading on Friday, hitting C$6.38. 235,365 shares of the stock traded hands, compared to its average volume of 71,087. The company has a quick ratio of 3.75, a current ratio of 4.77 and a debt-to-equity ratio of 2.92. The business's 50 day moving average is C$8.04 and its two-hundred day moving average is C$7.02. The stock has a market capitalization 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.

Insiders Place Their Bets

In related news, Director Frank Vincent Mcmahon sold 33,451 shares of the company's stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of C$9.25, for a total value of C$309,425.10. Also, Senior Officer Ryan Jacob Smith sold 91,703 shares of Real Matters stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$8.15, for a total value of C$747,351.94. Over the last 90 days, insiders sold 182,112 shares of company stock worth $1,541,016. 5.17% of the stock is owned by corporate 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.