Real Matters (TSE:REAL) Given New C$10.50 Price Target at ATB Capital

Key Points

• ATB Capital has revised its price target for Real Matters (TSE:REAL) from C$11.00 to C$10.50, maintaining an "outperform" rating, which indicates a potential upside of 96.26% from the current price.
• Other analysts, including Canaccord Genuity and National Bankshares, have also lowered their price targets significantly, with Canaccord setting a target of C$7.00 and National Bankshares at C$5.75.
• Despite these changes, Real Matters' stock was up 5.1% in midday trading, reaching C$5.35, reflecting resilience amidst the revised analysts' expectations.

Real Matters (TSE:REAL - Get Free Report) had its target price reduced by stock analysts at ATB Capital from C$11.00 to C$10.50 in a research report issued on Friday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. ATB Capital's price target indicates a potential upside of 93.73% from the stock's current price.

REAL has been the subject of several other research reports. National Bankshares cut their price target on Real Matters from C$6.50 to C$5.75 and set a "sector perform" rating for the company in a research note on Friday. Canaccord Genuity Group cut their price target on Real Matters from C$9.00 to C$7.00 and set a "buy" rating for the company in a research note on Friday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$7.68.

Real Matters Price Performance

Shares of Real Matters stock traded up C$0.33 on Friday, hitting C$5.42. The company's stock had a trading volume of 66,940 shares, compared to its average volume of 48,551. The company has a debt-to-equity ratio of 2.27, a quick ratio of 3.75 and a current ratio of 4.68. Real Matters has a 1 year low of C$5.01 and a 1 year high of C$9.46. The firm has a fifty day moving average price of C$5.56 and a 200-day moving average price of C$5.83. The company has a market capitalization of C$278.85 million, a price-to-earnings ratio of 54.29, a price-to-earnings-growth ratio of -59.18 and a beta of 0.86.

Real Matters Company Profile

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.