Brokerages Set Real Matters Inc. (TSE:REAL) Price Target at C$9.32

Shares of Real Matters Inc. (TSE:REAL - Get Free Report) have received an average recommendation of "Moderate Buy" from the six ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$9.32.

Several brokerages have commented on REAL. BMO Capital Markets upped their target price on shares of Real Matters from C$6.50 to C$7.50 and gave the company a "market perform" rating in a research note on Friday, August 2nd. TD Securities raised their price target on shares of Real Matters from C$7.00 to C$8.50 in a research note on Friday, August 2nd. Raymond James lifted their target price on Real Matters from C$8.00 to C$10.50 and gave the company an "outperform" rating in a research report on Tuesday, October 8th. 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, National Bankshares raised their price objective 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.

Real Matters Stock Up 4.3 %

Shares of TSE:REAL traded up C$0.30 during trading hours on Friday, reaching C$7.35. The stock had a trading volume of 68,647 shares, compared to its average volume of 69,893. Real Matters has a 1 year low of C$4.89 and a 1 year high of C$9.46. The stock has a market capitalization of C$539.71 million, a price-to-earnings ratio of 183.75, a P/E/G ratio of -59.18 and a beta of 0.86. The company has a debt-to-equity ratio of 2.92, a quick ratio of 3.75 and a current ratio of 4.77. The firm's 50 day moving average is C$8.20 and its 200-day moving average is C$6.86.

Insider Activity

In related news, Senior Officer Ryan Jacob Smith sold 91,703 shares of the company'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. In other news, Director Frank Vincent Mcmahon sold 33,451 shares of the stock in a transaction dated 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 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. In the last quarter, insiders have sold 182,112 shares of company stock worth $1,541,016. 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.