Real Matters (TSE:REAL) Hits New 12-Month High at $8.44

Real Matters Inc. (TSE:REAL - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$8.44 and last traded at C$8.35, with a volume of 338964 shares changing hands. The stock had previously closed at C$8.27.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on REAL. BMO Capital Markets lifted their target price on 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 lifted their price target on Real Matters from C$7.00 to C$8.50 in a report on Friday, August 2nd. Canaccord Genuity Group lifted their price target on Real Matters from C$7.00 to C$8.75 and gave the stock a "buy" rating in a report on Friday, August 2nd. National Bankshares lowered Real Matters from an "outperform" rating to a "sector perform" rating and set a C$8.00 price target on the stock. in a report on Friday, August 2nd. Finally, ATB Capital lifted their price target on Real Matters from C$10.00 to C$11.00 and gave the stock an "outperform" rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$8.38.

Real Matters Stock Up 0.7 %

The firm has a market capitalization of C$611.67 million, a P/E ratio of 208.25, a price-to-earnings-growth ratio of -59.18 and a beta of 0.83. The stock has a fifty day moving average of C$7.28 and a 200 day moving average of C$6.36. The company has a debt-to-equity ratio of 2.92, a current ratio of 4.77 and a quick ratio of 3.75.

Insider Buying and Selling at Real Matters

In other Real Matters news, Senior Officer Ryan Jacob Smith sold 91,703 shares of the business's stock in a transaction 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. In related news, Director Kimberly Sue Montgomery sold 28,239 shares of the business's stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of C$8.30, for a total transaction of C$234,383.70. Also, Senior Officer Ryan Jacob Smith sold 91,703 shares of the business's 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. 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.