Real Matters (TSE:REAL) Given New C$6.50 Price Target at National Bank Financial

Real Matters (TSE:REAL) had its price target decreased by equities researchers at National Bank Financial from C$7.50 to C$6.50 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 17.12% from the stock’s previous close.

REAL has been the subject of several other research reports. BMO Capital Markets dropped their price target on shares of Real Matters from C$7.00 to C$6.00 and set a “market perform” rating for the company in a research note on Monday, May 4th. Raymond James Financial dropped their price target on shares of Real Matters from C$9.00 to C$8.25 and set an “outperform” rating for the company in a research note on Monday, May 4th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$8.38.

Real Matters Trading Down 0.2%

Shares of Real Matters stock traded down C$0.01 during mid-day trading on Wednesday, hitting C$5.55. The stock had a trading volume of 11,427 shares, compared to its average volume of 74,943. The firm has a 50-day moving average of C$5.72 and a two-hundred day moving average of C$6.09. Real Matters has a 12-month low of C$5.01 and a 12-month high of C$8.00. The company has a quick ratio of 3.75, a current ratio of 111.56 and a debt-to-equity ratio of 1.41. The firm has a market cap of C$412.29 million, a P/E ratio of -16.32, a price-to-earnings-growth ratio of -59.18 and a beta of 1.19.

Real Matters (TSE:REAL) last posted its quarterly earnings results on Friday, May 1st. The company reported C$0.01 earnings per share for the quarter. Real Matters had a negative net margin of 13.58% and a negative return on equity of 26.40%. The business had revenue of C$65.68 million during the quarter. Sell-side analysts forecast that Real Matters will post 0.1956803 earnings per share for the current year.

About Real Matters

Real Matters is a leading network management services provider for the mortgage lending and insurance industries. Real Matters’ platform combines its proprietary technology and network management capabilities with tens of thousands of independent qualified field professionals to create an efficient marketplace for the provision of mortgage lending and insurance industry services. Our clients include top 100 mortgage lenders in the U.S. and some of the largest banks and insurance companies in Canada.