National Bank Financial Has Lowered Expectations for Real Matters (TSE:REAL) Stock Price

Real Matters (TSE:REAL) had its price objective dropped by stock analysts at National Bank Financial from C$7.50 to C$6.50 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 17.12% from the company’s current price.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets dropped their price objective on shares of Real Matters from C$7.00 to C$6.00 and set a “market perform” rating for the company in a research note on Monday, May 4th. Raymond James Financial dropped their price objective on shares of Real Matters from C$9.00 to C$8.25 and set an “outperform” rating for the company in a research note on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$8.38.

Real Matters Price Performance

TSE REAL traded down C$0.01 during trading hours on Wednesday, hitting C$5.55. 11,427 shares of the company’s stock traded hands, compared to its average volume of 74,943. Real Matters has a 52-week low of C$5.01 and a 52-week high of C$8.00. The company has a market capitalization of C$412.29 million, a PE ratio of -16.32, a PEG ratio of -59.18 and a beta of 1.19. The company has a debt-to-equity ratio of 1.41, a current ratio of 111.56 and a quick ratio of 3.75. The firm’s 50-day moving average is C$5.72 and its 200-day moving average is C$6.09.

Real Matters (TSE:REAL) last announced its quarterly earnings data on Friday, May 1st. The company reported C$0.01 earnings per share (EPS) for the quarter. Real Matters had a negative net margin of 13.58% and a negative return on equity of 26.40%. The company had revenue of C$65.68 million during the quarter. Equities analysts forecast that Real Matters will post 0.1956803 EPS for the current fiscal year.

Real Matters Company Profile

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.