Real Matters (REAL) Downgraded by National Bank Financial to Sector Perform

Real Matters (TSE:REAL) was downgraded by stock analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research report issued on Thursday. They presently have a C$6.00 target price on the stock, down from their prior target price of C$8.00. National Bank Financial’s price target would suggest a potential upside of 16.96% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. TD Securities cut their target price on shares of Real Matters from C$8.00 to C$6.50 in a research note on Thursday. Canaccord Genuity cut their target price on shares of Real Matters from C$8.00 to C$7.50 in a research note on Thursday. Raymond James cut their target price on shares of Real Matters from C$10.00 to C$6.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 29th. BMO Capital Markets cut their target price on shares of Real Matters from C$11.50 to C$8.00 in a research note on Wednesday, May 9th. Finally, Cormark cut their target price on shares of Real Matters from C$10.00 to C$8.00 in a research note on Wednesday, May 30th.

Shares of Real Matters traded down C$0.01, reaching C$5.13, during mid-day trading on Thursday, MarketBeat reports. The company’s stock had a trading volume of 43,600 shares, compared to its average volume of 153,571. Real Matters has a 12-month low of C$3.95 and a 12-month high of C$11.37.

In other news, Director William Thomas Holland purchased 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 15th. The shares were purchased at an average price of C$5.97 per share, with a total value of C$597,000.00.

About Real Matters

Real Matters Inc develops and provides network management solutions to mortgage lending and insurance industries in Canada and the United States. It offers residential mortgage appraisals for purchase, refinance, and home equity mortgage origination transactions under the Solidifi brand to the mortgage industry; and insurance inspection services to property and casualty insurers under the iv3 brand.

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