Real Matters (TSE:REAL) Shares Down 1.3% – Here’s What Happened

Real Matters Inc. (TSE:REAL) fell 1.3% during mid-day trading on Friday . The company traded as low as C$6.05 and last traded at C$6.11. 128,640 shares traded hands during trading, an increase of 134% from the average session volume of 55,036 shares. The stock had previously closed at C$6.19.

Wall Street Analyst Weigh In

REAL has been the topic of several research analyst reports. TD Securities raised their target price on shares of Real Matters from C$8.50 to C$9.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Canaccord Genuity Group raised their price objective on shares of Real Matters from C$7.00 to C$10.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. National Bankshares lifted their price target on Real Matters from C$5.75 to C$7.00 and gave the company a “sector perform” rating in a research note on Thursday, October 23rd. Raymond James Financial boosted their price target on Real Matters from C$7.50 to C$9.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Finally, ATB Capital decreased their price objective on Real Matters from C$11.00 to C$10.50 and set an “outperform” rating for the company in a report on Friday, August 1st. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$8.56.

Real Matters Stock Performance

The stock has a market capitalization of C$453.04 million, a P/E ratio of -102.25, a P/E/G ratio of -59.18 and a beta of 1.26. The stock has a 50 day simple moving average of C$7.22 and a two-hundred day simple moving average of C$6.27. The company has a quick ratio of 3.75, a current ratio of 4.68 and a debt-to-equity ratio of 2.27.

About Real Matters

Real Matters Inc is a Canadian network management services provider for the mortgage lending and insurance industries. The company’s platform combines proprietary technology and network management capabilities with tens of thousands of independent qualified field agents. Its operating segment includes U.S.