Brokerages Set Real Matters Inc. (TSE:REAL) Price Target at C$8.38

Real Matters Inc. (TSE:REAL) has earned an average rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$8.38.

Several research analysts have recently commented on REAL shares. National Bank Financial reduced their target price on Real Matters from C$7.50 to C$6.50 and set a “sector perform” rating for the company in a research note on Wednesday, May 27th. Raymond James Financial cut their price target on Real Matters from C$9.00 to C$8.25 and set an “outperform” rating for the company in a report on Monday, May 4th. Finally, BMO Capital Markets reduced their price objective on shares of Real Matters from C$7.00 to C$6.00 and set a “market perform” rating for the company in a research report on Monday, May 4th.

Real Matters Trading Down 1.6%

Shares of TSE:REAL opened at C$5.06 on Friday. Real Matters has a 52-week low of C$4.90 and a 52-week high of C$8.00. The company has a market capitalization of C$375.89 million, a P/E ratio of -14.88, a price-to-earnings-growth ratio of -59.18 and a beta of 1.62. The company has a 50-day simple moving average of C$5.29 and a 200 day simple moving average of C$5.84. The company has a debt-to-equity ratio of 1.41, a quick ratio of 3.75 and a current ratio of 111.56.

Real Matters (TSE:REAL) last announced its quarterly earnings results on Friday, May 1st. The company reported C$0.01 earnings per share for the quarter. The firm had revenue of C$65.68 million for the quarter. Real Matters had a negative return on equity of 26.40% and a negative net margin of 13.58%. Sell-side analysts forecast that Real Matters will post 0.1956803 earnings per share for the current year.

About Real Matters

Real Matters is a leading network management services provider for the mortgage lending and insurance industries. Real Matters’ platform combines its proprietary technology and network management capabilities with tens of thousands of independent qualified field professionals to create an efficient marketplace for the provision of mortgage lending and insurance industry services. Our clients include top 100 mortgage lenders in the U.S. and some of the largest banks and insurance companies in Canada.