Real Matters Inc. (TSE:REAL) Receives Average Recommendation of “Hold” from Brokerages

Real Matters Inc. (TSE:REAL) has been given a consensus recommendation of “Hold” by the five analysts that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$6.60.

Several brokerages recently commented on REAL. Raymond James Financial decreased 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 report on Friday, July 31st. ATB Cormark Capital Markets lowered shares of Real Matters from an “outperform” rating to a “sector perform” rating and cut their price target for the company from C$8.00 to C$6.00 in a research note on Friday, July 31st. Finally, TD decreased their price target on shares of Real Matters from C$9.00 to C$7.00 and set a “buy” rating for the company in a report on Friday, July 31st.

Real Matters Price Performance

TSE REAL opened at C$3.34 on Thursday. The firm’s fifty day simple moving average is C$4.35 and its two-hundred day simple moving average is C$5.07. 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 12-month low of C$3.25 and a 12-month high of C$7.75. The firm has a market capitalization of C$248.13 million, a P/E ratio of -12.37, a P/E/G ratio of -59.18 and a beta of 1.86.

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. 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 during the quarter. Analysts forecast that Real Matters will post 0.1956803 EPS for the current fiscal year.

About Real Matters

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.