Real Matters (TSE:REAL) Stock Gets Price Target Cut from National Bank Financial

Real Matters (TSE:REAL) had its price objective lowered by National Bank Financial from C$6.50 to C$5.00 in a research report released on Wednesday morning,BayStreet reports. The firm currently has a sector perform rating on the stock.

Other analysts also recently issued research reports about the stock. ATB Cormark Capital Markets downgraded shares of Real Matters from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$8.00 to C$6.00 in a research report on Friday, July 31st. TD lowered their target price on shares of Real Matters from C$9.00 to C$7.00 and set a “buy” rating for the company in a report on Friday, July 31st. Finally, Raymond James Financial dropped their target price on shares of Real Matters from C$8.25 to C$7.50 and set an “outperform” rating on the stock in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$6.30.

Real Matters Price Performance

REAL stock opened at C$3.19 on Wednesday. The business has a 50 day moving average price of C$3.89 and a 200 day moving average price of C$4.84. The stock has a market cap of C$236.99 million, a price-to-earnings ratio of -11.81, a PEG ratio of -59.18 and a beta of 1.86. Real Matters has a fifty-two week low of C$3.00 and a fifty-two week high of C$7.71. The company has a quick ratio of 3.75, a current ratio of 113.51 and a debt-to-equity ratio of 1.46.

Real Matters (TSE:REAL) last announced its quarterly earnings results on Thursday, July 30th. The company reported C$0.01 earnings per share (EPS) for the quarter. The firm had revenue of C$73.12 million during the quarter. Real Matters had a negative return on equity of 21.48% and a negative net margin of 10.07%. Equities research analysts anticipate that Real Matters will post 0.20 earnings per share for the current fiscal year.

About Real Matters

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.