Canaccord Genuity Group Lowers Real Matters (TSE:REAL) Price Target to C$8.00

Real Matters (TSE:REAL) had its target price reduced by equities researchers at Canaccord Genuity Group from C$8.50 to C$8.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 33.11% from the company’s current price.

Other equities analysts have also recently issued reports about the company. ATB Capital decreased their price objective on shares of Real Matters from C$12.00 to C$11.00 and set an “outperform” rating for the company in a report on Thursday. Cormark lowered their price objective on shares of Real Matters from C$8.75 to C$7.50 in a research report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$8.56.

Real Matters Trading Down 0.3 %

Shares of TSE REAL opened at C$6.01 on Thursday. The stock has a market capitalization of C$309.20 million, a P/E ratio of 60.20, a PEG ratio of -59.18 and a beta of 0.86. The stock’s 50 day moving average price is C$5.78 and its two-hundred day moving average price is C$6.55. The company has a quick ratio of 3.75, a current ratio of 4.68 and a debt-to-equity ratio of 2.27. Real Matters has a 52-week low of C$4.95 and a 52-week high of C$9.46.

Insider Activity

In related news, Senior Officer Ryan Jacob Smith sold 10,752 shares of Real Matters stock in a transaction on Monday, February 3rd. The stock was sold at an average price of C$5.76, for a total transaction of C$61,931.52. Also, Director Kay Brekken bought 7,870 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was purchased at an average cost of C$6.10 per share, for a total transaction of C$48,004.64. 5.17% of the stock is currently owned by company insiders.

About Real Matters

Real Matters Inc is a Canadian network management services provider for the mortgage lending and insurance industries. The company’s platform combines proprietary technology and network management capabilities with tens of thousands of independent qualified field agents. Its operating segment includes U.S.