Real Matters (TSE:REAL) Price Target Lowered to C$7.00 at Canaccord Genuity Group

Key Points

• Canaccord Genuity Group has lowered the price target for Real Matters (TSE:REAL) from C$9.00 to C$7.00 while maintaining a "buy" rating on the stock, suggesting a potential upside of 30.84%.
• Other analysts have also adjusted their price targets, with National Bankshares now at C$5.75 and ATB Capital at C$11.00, indicating a range of forecasts for the company's stock performance.
• Real Matters shares traded at C$5.35, showing a slight increase in trading activity, while the stock holds a Moderate Buy average rating with a 52-week range between C$5.01 and C$9.46.

Real Matters (TSE:REAL - Free Report) had its price target decreased by Canaccord Genuity Group from C$9.00 to C$7.00 in a research note released on Friday,BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

REAL has been the topic of a number of other research reports. ATB Capital reduced their target price on Real Matters from C$12.00 to C$11.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. National Bankshares cut their price objective on Real Matters from C$6.50 to C$5.75 and set a "sector perform" rating on the stock in a research report on Friday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$7.68.

Real Matters Price Performance

Real Matters stock traded up C$0.33 during mid-day trading on Friday, hitting C$5.42. 66,940 shares of the company were exchanged, compared to its average volume of 48,551. Real Matters has a 12-month low of C$5.01 and a 12-month high of C$9.46. The business's 50 day simple moving average is C$5.56 and its two-hundred day simple moving average is C$5.83. 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 company has a market capitalization of C$278.85 million, a P/E ratio of 54.29, a PEG 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.