Real Matters (TSE:REAL) Trading Down 1.2% - Time to Sell?

Key Points

• Real Matters Inc. (TSE:REAL) saw a stock price decrease of 1.2%, closing at C$5.09, trading volume was down 4% from the average session.
• Analysts have lowered price targets for Real Matters, with Canaccord Genuity reducing theirs from C$8.50 to C$8.00 while maintaining a "buy" rating.
• The stock has a consensus rating of "Moderate Buy" with an average target price of C$8.56, reflecting mixed sentiment among analysts.

Real Matters Inc. (TSE:REAL - Get Free Report)'s share price traded down 1.2% during mid-day trading on Thursday . The company traded as low as C$5.01 and last traded at C$5.09. 46,379 shares changed hands during trading, a decline of 4% from the average session volume of 48,426 shares. The stock had previously closed at C$5.15.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Canaccord Genuity Group cut their price target on shares of Real Matters from C$9.00 to C$7.00 and set a "buy" rating on the stock in a research note on Friday. Raymond James Financial cut their price target on shares of Real Matters from C$8.00 to C$7.50 and set an "outperform" rating on the stock in a research note on Friday. National Bankshares cut their price target on shares of 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. Finally, ATB Capital cut 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. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Real Matters presently has a consensus rating of "Moderate Buy" and an average target price of C$7.68.

Real Matters Price Performance

The stock's fifty day moving average is C$5.56 and its 200-day moving average is C$5.83. The stock has a market capitalization of C$278.85 million, a PE ratio of 54.29, a P/E/G ratio of -59.18 and a beta of 0.86. 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 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.