Canaccord Genuity Group Issues Pessimistic Forecast for Real Matters (TSE:REAL) Stock Price

Real Matters (TSE:REAL - Free Report) had its target price lowered by Canaccord Genuity Group from C$10.00 to C$8.50 in a research note issued to investors on Friday morning,BayStreet.CA reports.

A number of other equities analysts have also weighed in on the stock. ATB Capital increased their target price on shares of Real Matters from C$10.00 to C$11.00 and gave the stock an "outperform" rating in a research report on Friday, August 2nd. Raymond James dropped their target price on Real Matters from C$10.50 to C$9.00 in a research report on Friday. Cormark boosted their price objective on Real Matters from C$8.00 to C$8.75 in a research note on Monday, September 23rd. BMO Capital Markets raised their target price on Real Matters from C$6.50 to C$7.50 and gave the stock a "market perform" rating in a research note on Friday, August 2nd. Finally, National Bankshares upped 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 report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$8.82.

Real Matters Stock Performance

Shares of REAL traded up C$0.01 during mid-day trading on Friday, hitting C$6.38. The stock had a trading volume of 235,365 shares, compared to its average volume of 71,087. Real Matters has a 52 week low of C$4.95 and a 52 week high of C$9.46. 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 business has a fifty day moving average price of C$8.04 and a 200-day moving average price of C$7.02. The firm has a market cap of C$468.48 million, a P/E 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 Kimberly Sue Montgomery sold 28,239 shares of the stock in a transaction 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 dated 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 90 days, insiders sold 182,112 shares of company stock valued at $1,541,016. 5.17% of the stock is owned by corporate insiders.

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.