CIBC Raises Callidus Capital Corp Price Target to C$25.00 (CBL)
Equities research analysts at CIBC increased their target price on shares of Callidus Capital Corp (TSE:CBL) from C$23.50 to C$25.00 in a research note issued to investors on Monday. CIBC’s target price points to a potential upside of 22.67% from the stock’s previous close.
Shares of Callidus Capital Corp (TSE:CBL) traded up 0.59% during mid-day trading on Monday, hitting $20.50. The stock had a trading volume of 2,848 shares. Callidus Capital Corp has a 1-year low of $15.46 and a 1-year high of $20.95. The stock’s 50-day moving average is $19.28 and its 200-day moving average is $18.10. The company’s market cap is $825.0 million.
Callidus Capital Corp (TSE:CBL) last issued its quarterly earnings data on Monday, August 18th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by $0.08. Analysts expect that Callidus Capital Corp will post $0.81 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. 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. Three equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average target price of C$24.67.
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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