Raymond James Financial Lowers Real Matters (TSE:REAL) Price Target to C$8.25

Real Matters (TSE:REAL) had its price target decreased by analysts at Raymond James Financial from C$9.00 to C$8.25 in a report released on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s target price would indicate a potential upside of 41.27% from the company’s previous close.

A number of other research firms have also recently issued reports on REAL. National Bank Financial boosted their price objective on shares of Real Matters from C$7.00 to C$7.50 and gave the company a “sector perform” rating in a research report on Monday. BMO Capital Markets decreased their price objective on shares of Real Matters from C$7.00 to C$6.00 and set a “market perform” rating on the stock in a research report on Monday. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Real Matters currently has an average rating of “Moderate Buy” and a consensus price target of C$8.54.

Real Matters Stock Performance

Shares of REAL stock remained flat at C$5.84 during mid-day trading on Monday. 42,760 shares of the company’s stock were exchanged, compared to its average volume of 80,716. The company has a 50-day moving average price of C$5.84 and a 200-day moving average price of C$6.28. Real Matters has a 12-month low of C$5.01 and a 12-month high of C$8.00. The company has a market capitalization of C$433.84 million, a price-to-earnings ratio of -14.97, a PEG ratio of -59.18 and a beta of 1.19. The company has a quick ratio of 3.75, a current ratio of 111.56 and a debt-to-equity ratio of 1.41.

Real Matters (TSE:REAL) last released its quarterly earnings data on Friday, May 1st. The company reported C$0.01 earnings per share (EPS) for the quarter. Real Matters had a negative net margin of 13.58% and a negative return on equity of 26.40%. The firm had revenue of C$65.68 million for the quarter. On average, equities research analysts forecast that Real Matters will post 0.1956803 earnings per share for the current year.

About Real Matters

Real Matters is a leading network management services provider for the mortgage lending and insurance industries. Real Matters’ platform combines its proprietary technology and network management capabilities with tens of thousands of independent qualified field professionals to create an efficient marketplace for the provision of mortgage lending and insurance industry services. Our clients include top 100 mortgage lenders in the U.S. and some of the largest banks and insurance companies in Canada.