Real Matters (TSE:REAL) Price Target Cut to C$6.50

Real Matters (TSE:REAL) had its price target lowered by equities researchers at BMO Capital Markets from C$7.00 to C$6.50 in a report released on Wednesday, BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 12.26% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. TD Securities increased their price target on Real Matters from C$6.00 to C$7.00 and gave the company a “hold” rating in a research report on Friday, February 2nd. ATB Capital increased their target price on shares of Real Matters from C$9.00 to C$10.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, Canaccord Genuity Group increased their price objective on Real Matters from C$5.25 to C$6.50 and gave the stock a “hold” rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$7.43.

Real Matters Stock Up 3.8 %

Real Matters stock opened at C$5.79 on Wednesday. The firm has a 50 day moving average price of C$5.76 and a two-hundred day moving average price of C$5.89. 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 52-week low of C$4.43 and a 52-week high of C$7.10. The firm has a market cap of C$423.02 million, a price-to-earnings ratio of -57.90, a PEG ratio of -59.18 and a beta of 0.68.

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.