National Bank Financial Issues Pessimistic Forecast for Real Matters (TSE:REAL) Stock Price

by · The Cerbat Gem

Real Matters (TSE:REAL – Get Free Report) had its price objective lowered by equities researchers at National Bank Financial from C$6.50 to C$5.00 in a report issued on Wednesday, BayStreet reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 66.67% from the company’s current price.

Several other brokerages also recently commented on REAL. 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. Raymond James Financial lowered their price objective on shares of Real Matters from C$8.25 to C$7.50 and set an “outperform” rating for the company in a research note on Friday, July 31st. Finally, TD dropped their target price on shares of Real Matters from C$9.00 to C$7.00 and set a “buy” 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 assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$6.30.

Check Out Our Latest Stock Report on REAL

Real Matters Trading Down 2.6%

TSE REAL traded down C$0.08 during trading hours on Wednesday, hitting C$3.00. 304,560 shares of the company’s stock were exchanged, compared to its average volume of 72,906. The firm has a market cap of C$222.87 million, a price-to-earnings ratio of -11.11, a PEG ratio of -59.18 and a beta of 1.86. The stock has a 50-day simple moving average of C$4.00 and a 200 day simple moving average of C$4.89. The company has a current ratio of 113.51, a quick ratio of 3.75 and a debt-to-equity ratio of 1.46. Real Matters has a 1-year low of C$3.00 and a 1-year high of C$7.75.

Real Matters (TSE:REAL – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported C$0.01 earnings per share (EPS) for the quarter. Real Matters had a negative return on equity of 21.48% and a negative net margin of 10.07%. The firm had revenue of C$73.12 million for the quarter. On average, equities analysts forecast that Real Matters will post 0.20 EPS for the current fiscal year.

About Real Matters

(Get Free Report)

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.

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