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

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

REAL has been the topic of several other research reports. TD Securities upped their target price on shares of Real Matters from C$7.00 to C$8.50 in a report on Friday, August 2nd. BMO Capital Markets upped their target price on shares of Real Matters from C$6.50 to C$7.50 and gave the stock a “market perform” rating in a report on Friday, August 2nd. National Bankshares increased their price objective on shares of Real Matters from C$8.00 to C$9.00 and gave the stock a “sector perform” rating in a report on Thursday, October 24th. Canaccord Genuity Group increased their price objective on shares of Real Matters from C$8.75 to C$10.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Finally, ATB Capital increased their price objective on shares of 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$8.82.

Real Matters Stock Down 0.2 %

REAL opened at C$6.37 on Friday. The firm’s 50-day simple moving average is C$8.01 and its 200-day simple moving average is C$7.02. The company has a debt-to-equity ratio of 2.92, a quick ratio of 3.75 and a current ratio of 4.77. Real Matters has a twelve month low of C$4.95 and a twelve month high of C$9.46. The firm has a market cap of C$467.75 million, a price-to-earnings ratio of 159.25, a PEG ratio of -59.18 and a beta of 0.86.

Insider Buying and Selling at Real Matters

In other Real Matters news, Director Kay Brekken bought 5,600 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was acquired at an average cost of C$8.97 per share, with a total value of C$50,239.84. Also, Director Frank Vincent Mcmahon sold 33,451 shares of the 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. In the last three months, insiders have sold 182,112 shares of company stock worth $1,541,016. Company insiders own 5.17% of the company’s stock.

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.