The stock of Callidus Capital Corp (TSE:CBL) is a huge mover today! About 28,251 shares traded hands. Callidus Capital Corp (TSE:CBL) has risen 80.39% since March 10, 2016 and is uptrending. It has outperformed by 74.78% the S&P500.
The move comes after 8 months positive chart setup for the $853.07M company. It was reported on Oct, 17 by Barchart.com. We have $25.40 PT which if reached, will make TSE:CBL worth $426.54 million more.
Callidus Capital Corp (TSE:CBL) Ratings Coverage
Out of 4 analysts covering Callidus Capital Corp. (TSE:CBL), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $28 is the highest target while $12 is the lowest. The $16.35 average target is -3.43% below today’s ($16.93) stock price. Callidus Capital Corp. has been the topic of 9 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Wednesday, December 9 by Canaccord Genuity. The rating was maintained by National Bank Canada on Friday, November 6 with “Outperform”. IBC downgraded the shares of CBL in a report on Tuesday, October 6 to “Sector Performer” rating. The firm earned “Buy” rating on Monday, August 10 by Canaccord Genuity. The firm has “Buy” rating by TD Securities given on Wednesday, August 5. TD Securities downgraded the shares of CBL in a report on Monday, November 9 to “Hold” rating. The rating was downgraded by M Partners on Tuesday, August 11 to “Buy”.
More recent Callidus Capital Corp (TSE:CBL) news were published by: Reuters.com which released: “BRIEF-Callidus Capital Corp increases dividend by 20 pct” on October 17, 2016. Also Theglobeandmail.com published the news titled: “The Globe and Mail” on May 18, 2014. Wsj.com‘s news article titled: “Callidus Capital IPO Raises 43% More Than Minimum Target” with publication date: April 14, 2014 was also an interesting one.
Callidus Capital Corporation is a Canada company, which is engaged in providing financing solutions for companies that are unable to obtain financing from lending institutions. The company has a market cap of $853.07 million. The Firm operates a finance business that provides senior secured asset loans and lending services to mid-market companies operating in Canada and the United States. It has a 16.97 P/E ratio. The Firm offers loans ranging in size from $5 million to $100 million.
CBL Company Profile
CBL & Associates Properties, Inc. (CBL), incorporated on July 13, 1993, is a self-managed, self-administered, integrated real estate investment trust (REIT). The Firm owns, develops, acquires, leases, manages and operates regional shopping malls, open-air and mixed-use centers, outlet centers, associated centers, community centers and office properties. The Company’s divisions are Malls, Associated Centers, Community Centers and All Other. The Company’s properties are located in over 30 states, and are primarily located in the southeastern and midwestern United States. It conducts its business through CBL & Associates Limited Partnership (the Operating Partnership). It is the owner of two qualified REIT subsidiaries: CBL Holdings I, Inc. and CBL Holdings II, Inc.
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