Real Matters (REAL) Trading Down 8.1%

Real Matters Inc (TSE:REAL) traded down 8.1% during mid-day trading on Tuesday . The stock traded as low as C$9.27 and last traded at C$9.40. 128,501 shares were traded during mid-day trading, an increase of 46% from the average session volume of 88,211 shares. The stock had previously closed at C$10.23.

Separately, Scotiabank cut their target price on shares of Real Matters from C$13.00 to C$12.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 29th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of C$13.83.

The company has a market cap of $896.31 and a P/E ratio of -27.60.

In related news, insider Eric W. Slavens acquired 3,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was purchased at an average cost of C$8.95 per share, for a total transaction of C$26,850.00. Also, insider Lisa Allen acquired 12,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were bought at an average price of C$8.95 per share, with a total value of C$107,400.00.

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About Real Matters

Real Matters Inc develops and provides network management solutions to mortgage lending and insurance industries in Canada and the United States. It offers residential mortgage appraisals for purchase, refinance, and home equity mortgage origination transactions under the Solidifi brand to the mortgage industry; and insurance inspection services to property and casualty insurers under the iv3 brand.

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