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

Key Points

• Raymond James Financial has lowered its price target for Real Matters from C$8.00 to C$7.50, indicating a potential upside of 40.19% based on the stock's previous close.
• Other analysts also revised their price targets, with ATB Capital lowering their target to C$10.50 and Canaccord Genuity lowering it to C$7.00.
• Real Matters shares reached C$5.35 during trading, with a 12-month range of C$5.01 to C$9.46, and a current market cap of C$275.25 million.

Real Matters (TSE:REAL - Free Report) had its price objective decreased by Raymond James Financial from C$8.00 to C$7.50 in a research report sent to investors on Friday morning,BayStreet.CA reports. Raymond James Financial currently has an outperform rating on the stock.

A number of other research analysts have also recently weighed in on REAL. Canaccord Genuity Group cut their price objective on shares of Real Matters from C$9.00 to C$7.00 and set a "buy" rating for the company in a report on Friday. National Bankshares dropped their price objective on shares of 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. Finally, ATB Capital reduced their target price on shares of Real Matters from C$11.00 to C$10.50 and set an "outperform" rating on the stock in a report on Friday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$7.68.

Real Matters Stock Up 1.5%

REAL traded up C$0.08 during trading on Friday, hitting C$5.50. The stock had a trading volume of 13,641 shares, compared to its average volume of 48,303. Real Matters has a twelve month low of C$5.01 and a twelve month high of C$9.46. The stock has a 50 day simple moving average of C$5.55 and a two-hundred day simple moving average of C$5.82. The company has a debt-to-equity ratio of 2.27, a quick ratio of 3.75 and a current ratio of 4.68. The company has a market capitalization of C$282.96 million, a PE ratio of 55.09, 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.