Real Matters (TSE:REAL) Hits New 1-Year High at $29.34

Real Matters Inc (TSE:REAL)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$29.34 and last traded at C$29.10, with a volume of 140942 shares. The stock had previously closed at C$27.91.

A number of equities analysts have recently weighed in on the stock. TD Securities boosted their price objective on shares of Real Matters from C$18.00 to C$26.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. BMO Capital Markets upgraded Real Matters from a “market perform” rating to an “outperform” rating and cut their price target for the company from C$15.00 to C$14.00 in a report on Friday, March 20th. National Bank Financial increased their price target on Real Matters from C$23.00 to C$25.00 and gave the stock an “outperform” rating in a research note on Friday, June 12th. Raymond James lifted their price objective on Real Matters from C$16.00 to C$22.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Finally, Canaccord Genuity increased their target price on Real Matters from C$17.00 to C$25.00 in a research report on Thursday, May 7th. Five equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus target price of C$20.43.

The company has a market capitalization of $2.24 billion and a PE ratio of 69.95. The company has a current ratio of 4.63, a quick ratio of 4.59 and a debt-to-equity ratio of 4.80. The company’s 50 day moving average price is C$24.08 and its 200-day moving average price is C$16.97.

Real Matters Company Profile (TSE:REAL)

Real Matters Inc develops and provides technology and 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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