Raymond James Financial Issues Positive Forecast for Real Matters (TSE:REAL) Stock Price

Key Points

• Raymond James Financial has increased its price target for Real Matters (TSE:REAL) from C$7.50 to C$9.00, suggesting a possible upside of 23.46% from the current stock price.
• Other analysts have mixed views, with ATB Capital lowering their target from C$11.00 to C$10.50 and National Bankshares reducing it from C$6.50 to C$5.75, while the average target stands at C$7.89.
• Real Matters' stock rose by 2.2% to C$7.29 during Monday's trading, with significant trading activity totaling 48,636 shares exchanged.

Real Matters (TSE:REAL - Get Free Report) had its price target upped by equities research analysts at Raymond James Financial from C$7.50 to C$9.00 in a research note issued on Monday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Raymond James Financial's price target would indicate a potential upside of 23.46% from the company's current price.

Other research analysts have also issued reports about the company. ATB Capital cut their price target on Real Matters from C$11.00 to C$10.50 and set an "outperform" rating for the company in a report on Friday, August 1st. National Bankshares cut their price target on Real Matters from C$6.50 to C$5.75 and set a "sector perform" rating on the stock in a research note on Friday, August 1st. Finally, Canaccord Genuity Group cut their target price on Real Matters from C$9.00 to C$7.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$7.89.

Real Matters Stock Up 2.2%

TSE REAL traded up C$0.16 during trading on Monday, reaching C$7.29. 48,636 shares of the company's stock were exchanged, compared to its average volume of 53,081. Real Matters has a fifty-two week low of C$5.01 and a fifty-two week high of C$9.46. The company's fifty day simple moving average is C$5.89 and its 200-day simple moving average is C$5.81. The company has a current ratio of 4.68, a quick ratio of 3.75 and a debt-to-equity ratio of 2.27. The firm has a market capitalization of C$540.54 million, a PE ratio of -122.00, a P/E/G ratio of -59.18 and a beta of 1.25.

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.

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