Real Matters (TSE:REAL) Upgraded at Canaccord Genuity Group

Real Matters (TSE:REAL) was upgraded by equities research analysts at Canaccord Genuity Group from a “hold” rating to a “buy” rating in a report issued on Wednesday, BayStreet.CA reports. The brokerage presently has a C$7.00 price target on the stock, up from their previous price target of C$6.50. Canaccord Genuity Group’s price objective suggests a potential upside of 27.04% from the stock’s current price.

A number of other equities analysts have also weighed in on the stock. ATB Capital upped their target price on shares of Real Matters from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. TD Securities upgraded shares of Real Matters from a “hold” rating to a “buy” rating and set a C$7.00 target price for the company in a research report on Wednesday. Finally, BMO Capital Markets decreased their price target on shares of Real Matters from C$7.00 to C$6.50 in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$7.43.

Real Matters Price Performance

Shares of TSE:REAL traded up C$0.05 during midday trading on Wednesday, reaching C$5.51. 34,956 shares of the company were exchanged, compared to its average volume of 60,643. The company has a current ratio of 5.03, a quick ratio of 3.75 and a debt-to-equity ratio of 3.26. The business’s fifty day moving average is C$5.78 and its two-hundred day moving average is C$5.89. Real Matters has a one year low of C$4.43 and a one year high of C$7.10. The stock has a market cap of C$402.56 million, a PE ratio of -55.10, a price-to-earnings-growth ratio of -59.18 and a beta of 0.69.

Real Matters Company Profile

Real Matters Inc operates as a technology and network management company in Canada and the United States. It operates through three segments: U.S. Appraisal, U.S. Title, and Canada. It offers residential mortgage appraisals for purchase, refinance, and home equity and default transactions to the mortgage lending industry, as well as title services for refinance, purchase, home equity, short sale, and real estate-owned transactions to financial institutions under the Solidifi brand; and insurance inspection services to property and casualty insurers under the iv3 brand.