Real Matters (TSE:REAL) has been given a C$15.40 target price by analysts at Cormark in a report released on Monday, Analyst Ratings Network reports. Cormark's price objective suggests a potential downside of 0.06% from the stock's current price.
A number of other brokerages also recently commented on REAL. TD Securities dropped their price objective on shares of Real Matters from C$30.00 to C$22.00 and set a "buy" rating on the stock in a research report on Thursday, April 29th. Scotiabank dropped their target price on Real Matters from C$24.00 to C$22.00 in a report on Thursday, April 29th. BMO Capital Markets set a C$18.00 price target on Real Matters in a report on Friday. National Bankshares increased their price objective on Real Matters from C$15.68 to C$35.00 and gave the company an "outperform" rating in a report on Thursday. Finally, Raymond James restated an "outperform" rating and set a C$25.00 target price on shares of Real Matters in a research note on Monday, July 19th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Real Matters presently has an average rating of "Buy" and an average price target of C$27.10.
Shares of TSE:REAL traded up C$0.02 during trading on Monday, hitting C$15.41. The company's stock had a trading volume of 333,924 shares, compared to its average volume of 503,085. The stock has a market cap of C$1.27 billion and a P/E ratio of 29.90. The company has a debt-to-equity ratio of 4.15, a current ratio of 5.08 and a quick ratio of 5.03. Real Matters has a fifty-two week low of C$13.87 and a fifty-two week high of C$33.01. The firm's 50 day simple moving average is C$16.87.
In related news, Director Jason Smith sold 3,000 shares of the company's stock in a transaction that occurred on Friday, April 30th. The stock was sold at an average price of C$16.57, for a total value of C$49,722.90. Following the sale, the director now owns 2,668,384 shares in the company, valued at approximately C$44,226,596.93. Also, Senior Officer Ryan Jacob Smith sold 65,211 shares of Real Matters stock in a transaction on Friday, May 21st. The stock was sold at an average price of C$16.72, for a total value of C$1,090,256.19. Insiders sold a total of 133,211 shares of company stock worth $2,272,946 in the last ninety days.
About Real Matters
Real Matters Inc provides technology and network management solutions to mortgage lending and insurance industries in Canada and the United States. It offers residential mortgage appraisals for purchase, refinance, and home equity transactions under the Solidifi brand to the mortgage lending industry; and insurance inspection services to property and casualty insurers under the iv3 brand.
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