BMO Capital Markets Lowers Real Matters (TSE:REAL) Price Target to C$7.00

Real Matters (TSE:REAL) had its target price cut by analysts at BMO Capital Markets from C$7.50 to C$7.00 in a report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 9.89% from the stock’s current price.

A number of other equities analysts have also issued reports on REAL. ATB Capital upped their target price on Real Matters from C$10.00 to C$11.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Raymond James reduced their price objective on shares of Real Matters from C$10.50 to C$9.00 in a research note on Friday. Canaccord Genuity Group dropped their target price on shares of Real Matters from C$10.00 to C$8.50 in a research report on Friday. National Bankshares increased their price target on shares of Real Matters from C$8.00 to C$9.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. Finally, Cormark upped their price objective on Real Matters from C$8.00 to C$8.75 in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$8.82.

Real Matters Price Performance

Shares of Real Matters stock remained flat at C$6.37 during trading hours on Friday. The stock had a trading volume of 146,779 shares, compared to its average volume of 70,697. Real Matters has a 12 month low of C$4.95 and a 12 month high of C$9.46. The stock has a market cap of C$467.75 million, a P/E ratio of 159.25, a PEG 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 stock has a fifty day moving average of C$8.07 and a 200 day moving average of C$7.00.

Insider Buying and Selling

In related news, Senior Officer Ryan Jacob Smith sold 91,703 shares of the 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. Also, Director Frank Vincent Mcmahon sold 33,451 shares of Real Matters stock in a transaction on Monday, September 30th. The shares were sold at an average price of C$9.25, for a total value of C$309,425.10. Insiders have sold a total of 182,112 shares of company stock valued at $1,541,016 in the last quarter. 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.