Real Matters (TSE:REAL) Stock Price Up 2.2% After Analyst Upgrade

Key Points

• Real Matters Inc. shares rose by 2.2% after Canaccord Genuity upgraded the stock's price target from C$7.00 to C$10.00.
• Multiple analysts have also recently adjusted their price targets, with TD Securities and Raymond James both setting targets of C$9.00.
• The company's current stock rating is a "Moderate Buy," with an average target price of C$8.41 among analysts.

Shares of Real Matters Inc. (TSE:REAL - Get Free Report) were up 2.2% during mid-day trading on Friday after Canaccord Genuity Group raised their price target on the stock from C$7.00 to C$10.00. Canaccord Genuity Group currently has a buy rating on the stock. Real Matters traded as high as C$7.55 and last traded at C$7.52. Approximately 38,975 shares traded hands during trading, a decline of 29% from the average daily volume of 55,172 shares. The stock had previously closed at C$7.36.

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

Real Matters Price Performance

The stock has a market capitalization of C$557.59 million, a price-to-earnings ratio of -125.85, a price-to-earnings-growth ratio of -59.18 and a beta of 1.25. The company has a 50 day moving average of C$6.49 and a 200 day moving average of C$5.99. The company has a quick ratio of 3.75, a current ratio of 4.68 and a debt-to-equity ratio of 2.27.

About Real Matters

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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