Real Matters (TSE:REAL) Price Target Cut to C$7.50 by Analysts at Raymond James Financial

Real Matters (TSE:REAL – Free Report) had its price target decreased by Raymond James Financial from C$8.25 to C$7.50 in a research report report published on Friday morning,BayStreet.CA reports. Raymond James Financial currently has an outperform rating on the stock.

Other equities analysts have also issued reports about the company. National Bank Financial cut their target price on Real Matters from C$7.50 to C$6.50 and set a “sector perform” rating on the stock in a research report on Wednesday, May 27th. BMO Capital Markets decreased their price target 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. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$7.43.

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Real Matters Trading Down 0.6%

TSE:REAL opened at C$4.80 on Friday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 3.75 and a current ratio of 113.51. Real Matters has a one year low of C$4.72 and a one year high of C$8.00. The business’s 50-day simple moving average is C$5.18 and its 200 day simple moving average is C$5.78. The stock has a market cap of C$356.58 million, a price-to-earnings ratio of -14.12, a price-to-earnings-growth ratio of -59.18 and a beta of 1.62.

Real Matters (TSE:REAL – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported C$0.01 EPS for the quarter. Real Matters had a negative return on equity of 21.51% and a negative net margin of 10.15%.The firm had revenue of C$73.12 million during the quarter. As a group, sell-side analysts predict that Real Matters will post 0.1956803 earnings per share for the current fiscal year.

Real Matters Company Profile

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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.

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