Real Matters (TSE:REAL) Sets New 52-Week High at $7.12

Shares of Real Matters Inc. (TSE:REAL) reached a new 52-week high during trading on Friday . The stock traded as high as C$7.12 and last traded at C$7.12, with a volume of 59055 shares traded. The stock had previously closed at C$6.84.

Analysts Set New Price Targets

REAL has been the subject of several recent analyst reports. TD Securities raised shares of Real Matters from a “hold” rating to a “buy” rating and set a C$7.00 target price for the company in a research note on Wednesday, May 8th. National Bankshares raised shares of Real Matters from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$6.50 to C$7.00 in a research note on Wednesday, May 8th. Canaccord Genuity Group raised shares of Real Matters from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$6.50 to C$7.00 in a research note on Wednesday, May 8th. Finally, BMO Capital Markets lowered their target price on shares of Real Matters from C$7.00 to C$6.50 in a research note on Wednesday, May 8th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Real Matters presently has a consensus rating of “Moderate Buy” and an average target price of C$7.43.

Real Matters Stock Performance

The company has a market cap of C$526.03 million, a price-to-earnings ratio of -59.30, a price-to-earnings-growth ratio of -59.18 and a beta of 0.71. The stock’s fifty day simple moving average is C$6.21 and its two-hundred day simple moving average is C$6.11. The company has a debt-to-equity ratio of 3.29, a quick ratio of 3.75 and a current ratio of 4.28.

Insider Activity at Real Matters

In other Real Matters news, Director Karen Lynne Martin bought 8,000 shares of Real Matters stock in a transaction that occurred on Friday, May 17th. The shares were acquired at an average price of C$5.94 per share, for a total transaction of C$47,514.40. Company insiders own 4.55% 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.