Canaccord Genuity Group Upgrades Real Matters (TSE:REAL) to Buy

Real Matters (TSE:REAL) was upgraded by analysts at Canaccord Genuity Group from a “hold” rating to a “buy” rating in a report released on Wednesday, BayStreet.CA reports. The brokerage presently has a C$7.00 target price on the stock, up from their previous target price of C$6.50. Canaccord Genuity Group’s price objective would indicate a potential upside of 20.90% from the company’s previous close.

A number of other equities research analysts have also issued reports on the company. ATB Capital increased their price target on Real Matters from C$9.00 to C$10.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. BMO Capital Markets lowered their target price on shares of Real Matters from C$7.00 to C$6.50 in a research report on Wednesday. Finally, TD Securities raised Real Matters from a “hold” rating to a “buy” rating and set a C$7.00 price target for the company in a report on Wednesday. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Real Matters currently has an average rating of “Moderate Buy” and a consensus target price of C$7.43.

Real Matters Stock Performance

TSE REAL opened at C$5.79 on Wednesday. The stock’s fifty day moving average is C$5.76 and its two-hundred day moving average is C$5.89. The firm has a market capitalization of C$423.02 million, a P/E ratio of -57.90, a price-to-earnings-growth ratio of -59.18 and a beta of 0.68. The company has a debt-to-equity ratio of 3.26, a quick ratio of 3.75 and a current ratio of 5.03. Real Matters has a fifty-two week low of C$4.43 and a fifty-two week high of C$7.10.

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.