Callidus Capital Corp Price Target Raised to C$31.00 (CBL)
Stock analysts at Canaccord Genuity increased their target price on shares of Callidus Capital Corp (TSE:CBL) from C$27.50 to C$31.00 in a report issued on Thursday. Canaccord Genuity’s price target suggests a potential upside of 36.56% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at National Bank Financial raised their price target on shares of Callidus Capital Corp from C$25.00 to C$28.00 in a research note on Monday. They now have an “outperform” rating on the stock. Separately, analysts at NBF raised their price target on shares of Callidus Capital Corp from C$25.00 to C$28.00 in a research note on Monday. Finally, analysts at CIBC raised their price target on shares of Callidus Capital Corp from C$23.50 to C$25.00 in a research note on Monday. They now have an “outperform” rating on the stock. Four analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus price target of C$28.00.
Shares of Callidus Capital Corp (TSE:CBL) opened at 22.26 on Thursday. Callidus Capital Corp has a one year low of $15.46 and a one year high of $23.00. The stock has a 50-day moving average of $19.58 and a 200-day moving average of $18.22. The company’s market cap is $895.8 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 $0.86 EPS for the current fiscal year.
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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