Real Matters (REAL) Reaches New 52-Week Low at $5.66

Shares of Real Matters (TSE:REAL) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$5.66 and last traded at C$5.68, with a volume of 50355 shares traded. The stock had previously closed at C$5.84.

A number of brokerages have recently issued reports on REAL. TD Securities lowered their price target on Real Matters from C$14.50 to C$13.50 and set a “buy” rating on the stock in a research note on Wednesday, May 9th. Raymond James lowered their price target on Real Matters from C$14.00 to C$10.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 9th. BMO Capital Markets lowered their price target on Real Matters from C$11.50 to C$8.00 in a research note on Wednesday, May 9th. Canaccord Genuity reduced their price objective on Real Matters from C$16.00 to C$12.00 in a research report on Wednesday, May 9th. Finally, National Bank Financial reduced their price objective on Real Matters from C$15.00 to C$11.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 9th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of C$11.08.

In related news, Director Blaine Michael Hobson acquired 10,000 shares of Real Matters stock in a transaction that occurred on Friday, March 16th. The shares were purchased at an average price of C$7.35 per share, for a total transaction of C$73,500.00. Also, Director Jr. Nicholas Reyland Liuzza acquired 12,000 shares of Real Matters stock in a transaction that occurred on Wednesday, March 21st. The shares were bought at an average price of C$7.19 per share, for a total transaction of C$86,280.00. In the last quarter, insiders have purchased 127,000 shares of company stock worth $787,030.

Real Matters Company Profile

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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