BMO Capital Markets Cuts Real Matters (TSE:REAL) Price Target to C$6.00

Key Points

• BMO Capital Markets cut its price target on Real Matters to C$6.00 (from C$7.00) and maintained a "market perform" rating, implying only about a 2.74% upside versus the stock's mid-day price of C$5.84.
• Analyst divergence: National Bank Financial raised its target to C$7.50 with a "sector perform" rating, and the consensus remains a "Moderate Buy" with an average target of C$8.54 from six analysts.
• Recent financials: Real Matters reported quarterly EPS of C$0.01 and revenue of C$65.68M, but shows negative profitability metrics (ROE -26.40%, net margin -13.58%) and a market cap of about C$433.8M.

Real Matters (TSE:REAL - Get Free Report) had its price objective reduced by stock analysts at BMO Capital Markets from C$7.00 to C$6.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a "market perform" rating on the stock. BMO Capital Markets' target price points to a potential upside of 2.74% from the company's current price.

Separately, National Bank Financial increased their target price on Real Matters from C$7.00 to C$7.50 and gave the stock a "sector perform" rating in a report on Monday. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Real Matters currently has a consensus rating of "Moderate Buy" and an average price target of C$8.54.

Real Matters Price Performance

Shares of REAL remained flat at C$5.84 during mid-day trading on Monday. The stock had a trading volume of 42,760 shares, compared to its average volume of 80,716. Real Matters has a fifty-two week low of C$5.01 and a fifty-two week high of C$8.00. The company has a quick ratio of 3.75, a current ratio of 111.56 and a debt-to-equity ratio of 1.41. The stock's fifty day moving average price is C$5.84 and its 200-day moving average price is C$6.28. The stock has a market cap of C$433.84 million, a P/E ratio of -14.97, a P/E/G ratio of -59.18 and a beta of 1.19.

Real Matters (TSE:REAL - Get Free Report) last issued its earnings results on Friday, May 1st. The company reported C$0.01 earnings per share (EPS) for the quarter. Real Matters had a negative return on equity of 26.40% and a negative net margin of 13.58%.The business had revenue of C$65.68 million during the quarter. As a group, equities analysts expect that Real Matters will post 0.1956803 EPS 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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