Real Matters (TSE:REAL) Price Target Raised to C$10.00 at Canaccord Genuity Group

Key Points

• Analysts at Canaccord Genuity Group raised their price target for Real Matters from C$7.00 to C$10.00, indicating a potential upside of 32.98% from the stock's prior close.
• The consensus rating for Real Matters is a Moderate Buy, with four analysts rating it as Buy and one as Hold, and an average price target of C$8.41.
• Real Matters traded up 2.2%, reaching C$7.52, with a market capitalization of C$557.59 million and a 52-week price range between C$5.01 and C$9.19.

Real Matters (TSE:REAL - Get Free Report) had its price objective upped by analysts at Canaccord Genuity Group from C$7.00 to C$10.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price target points to a potential upside of 32.98% from the stock's previous close.

A number of other equities research analysts have also recently issued reports on the stock. TD Securities upped their price objective on shares of Real Matters from C$8.50 to C$9.00 and gave the stock a "buy" rating 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 report on Friday, August 1st. ATB Capital decreased their price target on shares of Real Matters from C$11.00 to C$10.50 and set an "outperform" rating on the stock in a research note on Friday, August 1st. Finally, Raymond James Financial lifted their price target on shares of Real Matters from C$7.50 to C$9.00 and gave the stock an "outperform" rating in a research report on Monday, September 15th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$8.41.

Real Matters Trading Up 2.2%

TSE REAL traded up C$0.16 on Friday, hitting C$7.52. 31,374 shares of the stock were exchanged, compared to its average volume of 55,107. The company's 50-day moving average price is C$6.45 and its two-hundred day moving average price is C$5.97. The company has a debt-to-equity ratio of 2.27, a current ratio of 4.68 and a quick ratio of 3.75. Real Matters has a 52-week low of C$5.01 and a 52-week high of C$9.19. The company has a market capitalization of C$557.59 million, a price-to-earnings ratio of -125.85, a P/E/G 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.

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