Real Matters (TSE:REAL) Stock Gets Price Target Cut from National Bank Financial

Key Points

• National Bank Financial cut Real Matters’ price target from C$6.50 to C$5.00 while maintaining a “sector perform” rating, implying 66.67% potential upside from the prior close.
• Analyst sentiment is mixed, with two Buy ratings and three Holds; the consensus rating is “Hold” with an average price target of C$6.30.
• Real Matters shares fell 2.6% to C$3.00, their 12-month low. The company recently reported C$0.01 in quarterly EPS on C$73.12 million in revenue, alongside a negative net margin and return on equity.

Real Matters (TSE:REAL - Get Free Report) had its target price lowered by stock analysts at National Bank Financial from C$6.50 to C$5.00 in a research note issued to investors on Wednesday, BayStreet reports. The brokerage currently has a "sector perform" rating on the stock. National Bank Financial's price target indicates a potential upside of 66.67% from the stock's previous close.

A number of other analysts also recently weighed in on REAL. TD decreased their target price on shares of Real Matters from C$9.00 to C$7.00 and set a "buy" rating for the company in a research report on Friday, July 31st. ATB Cormark Capital Markets lowered shares of Real Matters from an "outperform" rating to a "sector perform" rating and lowered their price target for the stock from C$8.00 to C$6.00 in a report on Friday, July 31st. Finally, Raymond James Financial dropped their price target on shares of Real Matters from C$8.25 to C$7.50 and set an "outperform" rating on the stock in a research report on Friday, July 31st. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of C$6.30.

Real Matters Trading Down 2.6%

Shares of REAL stock traded down C$0.08 on Wednesday, hitting C$3.00. The company had a trading volume of 304,560 shares, compared to its average volume of 72,906. The firm has a market cap of C$222.87 million, a P/E ratio of -11.11, a P/E/G ratio of -59.18 and a beta of 1.86. The stock's 50-day moving average is C$4.00 and its two-hundred day moving average is C$4.89. The company has a debt-to-equity ratio of 1.46, a quick ratio of 3.75 and a current ratio of 113.51. Real Matters has a twelve month low of C$3.00 and a twelve month high of C$7.75.

Real Matters (TSE:REAL - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported C$0.01 EPS for the quarter. The company had revenue of C$73.12 million for the quarter. Real Matters had a negative return on equity of 21.48% and a negative net margin of 10.07%. On average, equities research analysts anticipate that Real Matters will post 0.20 earnings per share for the current fiscal 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.

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