TD Issues Pessimistic Forecast for Real Matters (TSE:REAL) Stock Price

Real Matters (TSE:REAL) had its target price decreased by TD from C$9.00 to C$7.00 in a research report issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD’s price objective would indicate a potential upside of 45.23% from the company’s previous close.

A number of other research analysts have also recently commented on the company. BMO Capital Markets cut their target price on Real Matters from C$7.00 to C$6.00 and set a “market perform” rating on the stock in a research note on Monday, May 4th. Raymond James Financial decreased their price target on Real Matters from C$8.25 to C$7.50 and set an “outperform” rating for the company in a research note on Friday. Finally, National Bank Financial dropped their price objective on Real Matters from C$7.50 to C$6.50 and set a “sector perform” rating for the company in a report on Wednesday, May 27th. Four 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 company currently has an average rating of “Moderate Buy” and a consensus price target of C$7.43.

Real Matters Trading Down 0.2%

Shares of REAL stock traded down C$0.01 during trading hours on Friday, reaching C$4.82. 26,439 shares of the stock were exchanged, compared to its average volume of 63,407. The firm has a market capitalization of C$358.06 million, a price-to-earnings ratio of -14.18, a price-to-earnings-growth ratio of -59.18 and a beta of 1.62. Real Matters has a 12-month low of C$4.72 and a 12-month high of C$8.00. The company’s 50-day moving average price is C$5.20 and its 200-day moving average price is C$5.78. The company has a current ratio of 111.56, a quick ratio of 3.75 and a debt-to-equity ratio of 1.41.

Real Matters (TSE:REAL) last posted its quarterly earnings data on Thursday, July 30th. The company reported C$0.01 earnings per share for the quarter. The company had revenue of C$73.12 million for the quarter. Real Matters had a negative net margin of 13.58% and a negative return on equity of 26.40%. As a group, equities analysts anticipate that Real Matters will post 0.1956803 earnings per share for the current 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.