Brokerages Set Real Matters Inc. (TSE:REAL) Price Target at C$8.38

Shares of Real Matters Inc. (TSE:REAL) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is C$8.38.

REAL has been the subject of a number of recent research reports. Raymond James Financial reduced their target price on shares of Real Matters from C$9.00 to C$8.25 and set an “outperform” rating for the company in a research report on Monday, May 4th. BMO Capital Markets reduced their target price 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 report on Monday, May 4th. Finally, National Bank Financial reduced their target price on shares of Real Matters from C$7.50 to C$6.50 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th.

Real Matters Stock Performance

TSE:REAL opened at C$5.43 on Friday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 3.75 and a current ratio of 111.56. The company has a fifty day moving average of C$5.69 and a two-hundred day moving average of C$6.06. The stock has a market capitalization of C$403.38 million, a PE ratio of -15.97, a P/E/G ratio of -59.18 and a beta of 1.19. Real Matters has a fifty-two week low of C$5.01 and a fifty-two week high of C$8.00.

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