Real Matters (TSE:REAL) Trading 2.2% Higher on Analyst Upgrade

Real Matters Inc. (TSE:REAL) shares rose 2.2% on Friday after Canaccord Genuity Group raised their price target on the stock from C$7.00 to C$10.00. Canaccord Genuity Group currently has a buy rating on the stock. Real Matters traded as high as C$7.55 and last traded at C$7.52. Approximately 38,975 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 55,172 shares. The stock had previously closed at C$7.36.

Several other brokerages have also recently commented on REAL. Raymond James Financial raised their target price on Real Matters from C$7.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. TD Securities raised their target price on Real Matters from C$8.50 to C$9.00 and gave the stock a “buy” rating in a research report on Friday. ATB Capital reduced their target price on Real Matters from C$11.00 to C$10.50 and set an “outperform” rating for the company in a research report on Friday, August 1st. Finally, National Bankshares reduced their target price on Real Matters from C$6.50 to C$5.75 and set a “sector perform” rating for the company in a research report on Friday, August 1st. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$8.41.

Real Matters Stock Performance

The company has a market capitalization of C$557.59 million, a P/E ratio of -125.85, a PEG ratio of -59.18 and a beta of 1.25. The stock has a fifty day simple moving average of C$6.49 and a 200-day simple moving average of C$5.99. The company has a quick ratio of 3.75, a current ratio of 4.68 and a debt-to-equity ratio of 2.27.

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.