Real Matters (TSE:REAL) Price Target Lowered to C$7.00 at TD

Real Matters (TSE:REAL) had its price target trimmed by TD from C$9.00 to C$7.00 in a report issued on Friday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts have also issued reports on REAL. National Bank Financial decreased their price target on Real Matters from C$7.50 to C$6.50 and set a “sector perform” rating for the company in a research note on Wednesday, May 27th. Raymond James Financial cut their price objective on Real Matters from C$8.25 to C$7.50 and set an “outperform” rating for the company in a report on Friday. Finally, BMO Capital Markets decreased their target price on Real Matters from C$7.00 to C$6.00 and set a “market perform” rating for the company in a research note on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$7.43.

Real Matters Trading Down 0.6%

Real Matters stock opened at C$4.80 on Friday. The firm has a 50 day simple moving average of C$5.18 and a 200-day simple moving average of C$5.78. The company has a debt-to-equity ratio of 1.46, a current ratio of 113.51 and a quick ratio of 3.75. The stock has a market capitalization of C$356.58 million, a PE ratio of -14.12, a price-to-earnings-growth ratio of -59.18 and a beta of 1.62. Real Matters has a 12-month low of C$4.72 and a 12-month high of C$8.00.

Real Matters (TSE:REAL) last posted its quarterly earnings data on Thursday, July 30th. The company reported C$0.01 EPS for the quarter. Real Matters had a negative net margin of 10.15% and a negative return on equity of 21.51%. The business had revenue of C$73.12 million for the quarter. As a group, equities research analysts expect 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.