Real Matters (TSE:REAL) Stock Price Expected to Rise, Raymond James Financial Analyst Says

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 target price raised by research analysts at Raymond James Financial from C$7.50 to C$9.00 in a research report issued on Monday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Raymond James Financial's price objective suggests a potential upside of 15.24% from the stock's current price.

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

Real Matters Price Performance

TSE REAL traded down C$0.14 during mid-day trading on Monday, hitting C$7.81. The stock had a trading volume of 119,851 shares, compared to its average volume of 56,469. The firm's 50 day moving average is C$6.09 and its 200 day moving average is C$5.87. Real Matters has a twelve month low of C$5.01 and a twelve month high of C$9.46. The company has a debt-to-equity ratio of 2.27, a current ratio of 4.68 and a quick ratio of 3.75. The stock has a market capitalization of C$579.10 million, a price-to-earnings ratio of -130.70, a PEG ratio of -59.18 and a beta of 1.25.

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.