National Bankshares Cuts Real Matters (TSE:REAL) Price Target to C$6.00

Real Matters (TSE:REALGet Rating) had its target price dropped by analysts at National Bankshares from C$8.00 to C$6.00 in a report issued on Tuesday, BayStreet.CA reports. National Bankshares’ target price indicates a potential upside of 24.48% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Scotiabank lowered their price target on shares of Real Matters from C$10.00 to C$8.00 in a report on Monday, January 31st. BMO Capital Markets lowered their target price on shares of Real Matters from C$9.00 to C$7.00 and set a “market perform” rating on the stock in a report on Monday, January 31st. ATB Capital lowered their target price on shares of Real Matters from C$16.00 to C$13.00 and set an “outperform” rating on the stock in a report on Monday, January 31st. Raymond James lowered their target price on shares of Real Matters from C$18.00 to C$10.00 and set an “outperform” rating on the stock in a report on Monday, January 31st. Finally, Canaccord Genuity Group lowered their target price on shares of Real Matters from C$8.75 to C$6.00 and set a “buy” rating on the stock in a report on Monday, January 31st. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Real Matters presently has a consensus rating of “Hold” and a consensus target price of C$9.08.

Shares of TSE:REAL traded down C$0.22 during mid-day trading on Tuesday, reaching C$4.82. The company had a trading volume of 188,638 shares, compared to its average volume of 368,188. The company has a current ratio of 4.32, a quick ratio of 4.23 and a debt-to-equity ratio of 4.83. The firm has a market cap of C$377.44 million and a price-to-earnings ratio of 11.18. The company’s 50-day moving average price is C$5.32 and its 200-day moving average price is C$7.01. Real Matters has a one year low of C$4.68 and a one year high of C$18.80.

Real Matters Company Profile (Get Rating)

Real Matters Inc provides technology and network management solutions to mortgage lending and insurance industries in Canada and the United States. It offers residential mortgage appraisals for purchase, refinance, and home equity and default transactions under the Solidifi brand to the mortgage lending industry; and insurance inspection services to property and casualty insurers under the iv3 brand.

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