Real Matters Inc. (TSE:REAL) Stock Has Average Target Price of C$7.43 According to Analysts

Real Matters Inc. (TSE:REAL) has been given a consensus recommendation of “Hold” by the five brokerages that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$6.60.

Several research analysts have commented on the stock. ATB Cormark Capital Markets downgraded shares of Real Matters from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$8.00 to C$6.00 in a report on Friday, July 31st. Raymond James Financial cut their price target on Real Matters from C$8.25 to C$7.50 and set an “outperform” rating for the company in a report on Friday, July 31st. Finally, TD decreased their price objective on Real Matters from C$9.00 to C$7.00 and set a “buy” rating on the stock in a report on Friday, July 31st.

Real Matters Stock Down 4.6%

TSE REAL opened at C$3.35 on Thursday. The stock’s 50 day moving average is C$4.29 and its 200 day moving average is C$5.04. The company has a current ratio of 113.51, a quick ratio of 3.75 and a debt-to-equity ratio of 1.46. Real Matters has a 12 month low of C$3.25 and a 12 month high of C$7.75. The stock has a market cap of C$248.87 million, a PE ratio of -12.41, a P/E/G ratio of -59.18 and a beta of 1.86.

Real Matters (TSE:REAL) last released its earnings results on Thursday, July 30th. The company reported C$0.01 EPS for the quarter. Real Matters had a negative net margin of 10.07% and a negative return on equity of 21.48%. The firm had revenue of C$73.12 million for the quarter. Research analysts predict that Real Matters will post 0.1956803 EPS for the current fiscal year.

Real Matters Company Profile

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.