Real Matters Inc. (TSE:REAL – Get Free Report)’s share price traded up 1.1% during mid-day trading on Thursday . The stock traded as high as C$6.31 and last traded at C$6.27. 28,900 shares changed hands during trading, a decline of 48% from the average session volume of 55,193 shares. The stock had previously closed at C$6.20.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the company. Canaccord Genuity Group upgraded Real Matters from a “hold” rating to a “buy” rating and lifted their price target for the company from C$6.50 to C$7.00 in a report on Wednesday, May 8th. BMO Capital Markets reduced their target price on Real Matters from C$7.00 to C$6.50 in a report on Wednesday, May 8th. TD Securities upgraded Real Matters from a “hold” rating to a “buy” rating and set a C$7.00 price target on the stock in a report on Wednesday, May 8th. Finally, National Bankshares upgraded shares of Real Matters from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$6.50 to C$7.00 in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Real Matters presently has a consensus rating of “Moderate Buy” and a consensus target price of C$7.43.
Read Our Latest Report on REAL
Real Matters Price Performance
Insider Activity at Real Matters
In other Real Matters news, Director Karen Lynne Martin bought 8,000 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was acquired at an average cost of C$5.94 per share, with a total value of C$47,514.40. 4.55% of the stock is currently owned by corporate insiders.
Real Matters Company Profile
Real Matters Inc operates as a technology and network management company in Canada and the United States. It operates through three segments: U.S. Appraisal, U.S. Title, and Canada. It offers residential mortgage appraisals for purchase, refinance, and home equity and default transactions to the mortgage lending industry, as well as title services for refinance, purchase, home equity, short sale, and real estate-owned transactions to financial institutions under the Solidifi brand; and insurance inspection services to property and casualty insurers under the iv3 brand.
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