Real Matters (TSE:REAL) was downgraded by National Bank Financial from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Thursday. They currently have a C$6.00 price target on the stock, down from their prior price target of C$8.00. National Bank Financial’s price objective indicates a potential upside of 16.28% from the company’s current price.

REAL has been the subject of a number of other reports. Canaccord Genuity cut their target price on Real Matters from C$16.00 to C$12.00 in a research note on Wednesday, May 9th. TD Securities cut their target price on Real Matters from C$13.50 to C$8.00 and set a “buy” rating for the company in a research note on Wednesday, May 30th. Raymond James cut their target price on Real Matters from C$14.00 to C$10.00 and set an “outperform” rating for the company in a research note on Wednesday, May 9th. BMO Capital Markets cut their target price on 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 Real Matters from C$10.00 to C$8.00 in a research note on Wednesday, May 30th.

Shares of REAL opened at C$5.16 on Thursday. Real Matters has a 52-week low of C$3.95 and a 52-week high of C$11.37.

In related news, Director William Thomas Holland bought 100,000 shares of the business’s stock in a transaction on Tuesday, May 15th. The stock was acquired at an average cost of C$5.97 per share, with a total value of C$597,000.00.

Real Matters Company Profile

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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