Real Matters Inc. (TSE:REAL) Receives C$8.38 Consensus Price Target from Analysts

Shares of Real Matters Inc. (TSE:REAL) have been given an average rating of “Moderate Buy” by the six brokerages that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$8.38.

REAL has been the subject of several research reports. National Bank Financial dropped their target price on 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. BMO Capital Markets dropped their price objective on shares of Real Matters from C$7.00 to C$6.00 and set a “market perform” rating for the company in a report on Monday, May 4th. Finally, Raymond James Financial dropped their price objective on shares of Real Matters from C$9.00 to C$8.25 and set an “outperform” rating for the company in a report on Monday, May 4th.

Real Matters Stock Down 1.6%

Real Matters stock opened at C$4.99 on Friday. The company has a market capitalization of C$370.69 million, a PE ratio of -14.68, a price-to-earnings-growth ratio of -59.18 and a beta of 1.62. The company has a debt-to-equity ratio of 1.41, a quick ratio of 3.75 and a current ratio of 111.56. Real Matters has a fifty-two week low of C$4.90 and a fifty-two week high of C$8.00. The firm has a 50 day moving average price of C$5.27 and a 200 day moving average price of C$5.83.

Real Matters (TSE:REAL) last released its quarterly earnings results on Friday, May 1st. The company reported C$0.01 EPS for the quarter. Real Matters had a negative return on equity of 26.40% and a negative net margin of 13.58%.The company had revenue of C$65.68 million for the quarter. Research analysts expect that Real Matters will post 0.1956803 earnings per share for the current 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.