Real Matters (TSE:REAL) Shares Down 1.3% – Here’s What Happened

Real Matters Inc. (TSE:REAL)’s stock price fell 1.3% during mid-day trading on Friday . The company traded as low as C$6.05 and last traded at C$6.11. 128,640 shares were traded during mid-day trading, an increase of 134% from the average session volume of 55,036 shares. The stock had previously closed at C$6.19.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on REAL. Raymond James Financial boosted their target price on Real Matters from C$7.50 to C$9.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Canaccord Genuity Group lifted their price objective on Real Matters from C$7.00 to C$10.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. National Bankshares upped their price objective on shares of Real Matters from C$5.75 to C$7.00 and gave the company a “sector perform” rating in a report on Thursday, October 23rd. TD Securities increased their target price on shares of Real Matters from C$8.50 to C$9.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Finally, ATB Capital lowered their price target on shares of Real Matters from C$11.00 to C$10.50 and set an “outperform” rating on the stock in a research report on Friday, August 1st. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$8.56.

Real Matters Stock Performance

The company has a debt-to-equity ratio of 2.27, a quick ratio of 3.75 and a current ratio of 4.68. The company has a market capitalization of C$453.04 million, a P/E ratio of -102.25, a price-to-earnings-growth ratio of -59.18 and a beta of 1.26. The business has a 50 day moving average of C$7.22 and a 200-day moving average of C$6.27.

Real Matters Company Profile

Real Matters Inc is a Canadian network management services provider for the mortgage lending and insurance industries. The company’s platform combines proprietary technology and network management capabilities with tens of thousands of independent qualified field agents. Its operating segment includes U.S.