CIBC Initiates Coverage on Callidus Capital Corp (CBL)
Stock analysts at CIBC began coverage on shares of Callidus Capital Corp (TSE:CBL) in a report issued on Tuesday. The firm set a “sector outperform” rating and a C$23.50 price target on the stock. CIBC’s target price suggests a potential upside of 20.82% from the stock’s previous close.
Shares of Callidus Capital Corp (TSE:CBL) traded up 2.43% on Tuesday, hitting $19.36. The stock had a trading volume of 120,659 shares. Callidus Capital Corp has a 52-week low of $15.46 and a 52-week high of $20.95. The stock’s 50-day moving average is $19.07 and its 200-day moving average is $18.01. The company’s market cap is $942.7 million.
A number of other firms have also recently commented on CBL. Analysts at GMP Securities initiated coverage on shares of Callidus Capital Corp in a research note on Wednesday, July 23rd. They set a “buy” rating on the stock. Separately, analysts at National Bank Financial raised their price target on shares of Callidus Capital Corp from C$22.00 to C$25.00 in a research note on Wednesday, July 16th. Finally, analysts at Cormark initiated coverage on shares of Callidus Capital Corp in a research note on Tuesday, July 15th. They set a “buy” rating on the stock. Four research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of C$24.17.
Callidus Capital Corporation (TSE:CBL) specializes in providing financing solutions for companies that are unable to obtain adequate financing from conventional lending institutions.
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