Real Matters (TSE:REAL) Given New C$7.50 Price Target at Raymond James Financial

Real Matters (TSE:REAL) had its target price lowered by equities research analysts at Raymond James Financial from C$8.25 to C$7.50 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s target price points to a potential upside of 55.60% from the company’s current price.

A number of other research analysts have also recently weighed in on REAL. National Bank Financial cut their price objective on shares of Real Matters from C$7.50 to C$6.50 and set a “sector perform” rating for the company in a report on Wednesday, May 27th. BMO Capital Markets dropped their target price on Real Matters from C$7.00 to C$6.00 and set a “market perform” rating on the stock in a research report on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$7.43.

Real Matters Stock Performance

Shares of TSE REAL traded down C$0.01 during midday trading on Friday, reaching C$4.82. 26,439 shares of the stock were exchanged, compared to its average volume of 63,407. The firm has a market cap of C$358.06 million, a price-to-earnings ratio of -14.18, a PEG ratio of -59.18 and a beta of 1.62. Real Matters has a twelve month low of C$4.72 and a twelve month high of C$8.00. The firm has a 50-day simple moving average of C$5.20 and a two-hundred day simple moving average of C$5.78. The company has a quick ratio of 3.75, a current ratio of 111.56 and a debt-to-equity ratio of 1.41.

Real Matters (TSE:REAL) last posted its earnings results on Thursday, July 30th. The company reported C$0.01 earnings per share (EPS) for the quarter. Real Matters had a negative net margin of 13.58% and a negative return on equity of 26.40%. The firm had revenue of C$73.12 million during the quarter. As a group, analysts anticipate 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.