Cormark Issues Pessimistic Forecast for Real Matters (TSE:REAL) Stock Price

Real Matters (TSE:REAL) had its price target reduced by equities research analysts at Cormark from C$8.75 to C$7.50 in a report issued on Thursday,BayStreet.CA reports. Cormark’s price objective would suggest a potential upside of 15.38% from the company’s current price.

Several other research analysts have also commented on the stock. National Bankshares raised their price objective on shares of Real Matters from C$8.00 to C$9.00 and gave the company a “sector perform” rating in a research note on Thursday, October 24th. Canaccord Genuity Group decreased their price target on shares of Real Matters from C$10.00 to C$8.50 in a research report on Friday, November 22nd. BMO Capital Markets cut their price target on Real Matters from C$7.50 to C$7.00 in a report on Friday, November 22nd. Finally, Raymond James decreased their price objective on Real Matters from C$10.50 to C$9.00 in a research note on Friday, November 22nd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$8.64.

Real Matters Trading Down 1.5 %

Shares of Real Matters stock traded down C$0.10 on Thursday, reaching C$6.50. The company had a trading volume of 47,131 shares, compared to its average volume of 70,503. The firm’s 50 day moving average price is C$6.75 and its two-hundred day moving average price is C$7.32. The company has a debt-to-equity ratio of 2.92, a quick ratio of 3.75 and a current ratio of 4.77. Real Matters has a 52-week low of C$4.95 and a 52-week high of C$9.46. The firm has a market cap of C$477.30 million, a PE ratio of 162.50, a PEG ratio of -59.18 and a beta of 0.86.

About Real Matters

Real Matters Inc operates as a technology and network management company in Canada and the United States. It operates through three segments: U.S. Appraisal, U.S. Title, and Canada. It offers residential mortgage appraisals for purchase, refinance, and home equity and default transactions to the mortgage lending industry, as well as title services for refinance, purchase, home equity, short sale, and real estate-owned transactions to financial institutions under the Solidifi brand; and insurance inspection services to property and casualty insurers under the iv3 brand.