Real Matters Inc (TSE:REAL)’s share price dropped 4.4% during trading on Thursday . The company traded as low as C$8.59 and last traded at C$8.60. Approximately 16,760 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 92,672 shares. The stock had previously closed at C$9.00.

Several equities analysts have recently issued reports on the company. National Bank Financial reissued an “outperform” rating and set a C$15.00 target price on shares of Real Matters in a research note on Tuesday, July 11th. Raymond James Financial, Inc. reissued an “outperform” rating and set a C$14.00 target price on shares of Real Matters in a research note on Tuesday, July 18th. BMO Capital Markets reissued a “market perform” rating and set a C$14.00 target price on shares of Real Matters in a research note on Tuesday, June 6th. Canaccord Genuity reissued a “buy” rating and set a C$16.00 target price on shares of Real Matters in a research note on Tuesday, June 6th. Finally, Scotiabank set a C$14.00 target price on Real Matters and gave the company a “sector perform” rating in a research note on Thursday, June 22nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of C$14.00.

The stock’s market capitalization is $750.36 million. The company’s 50 day moving average price is $9.56 and its 200-day moving average price is $10.76.

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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 and Linear Title & Closing brands to the mortgage industry; insurance inspection services to property and casualty insurers under the iv3 brand; and residential and commercial real estate title, and closing services to home equity search market under the Southwest Financial Services brand.

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