Could Callidus Capital Corp Change Direction After Today’s Huge Increase?

 Could Callidus Capital Corp Change Direction After Today's Huge Increase?

The stock of Callidus Capital Corp (TSE:CBL) is a huge mover today! About 29,595 shares traded hands. Callidus Capital Corp (TSE:CBL) has risen 61.23% since March 24, 2016 and is uptrending. It has outperformed by 57.75% the S&P500.
The move comes after 9 months positive chart setup for the $833.62M company. It was reported on Oct, 31 by Barchart.com. We have $21.85 PT which if reached, will make TSE:CBL worth $233.41 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 -4.22% below today’s ($17.07) stock price. Callidus Capital Corp. has been the topic of 9 analyst reports since August 5, 2015 according to StockzIntelligence Inc. On Monday, November 9 the stock rating was downgraded by TD Securities to “Hold”. The firm has “Buy” rating given on Tuesday, August 11 by M Partners. As per Tuesday, October 6, the company rating was downgraded by IBC. Canaccord Genuity maintained it with “Buy” rating and $19 target price in Monday, August 10 report. The stock of Callidus Capital Corp (TSE:CBL) has “Buy” rating given on Wednesday, August 5 by TD Securities. The firm has “Outperform” rating by National Bank Canada given on Friday, November 6. The stock of Callidus Capital Corp (TSE:CBL) has “Hold” rating given on Wednesday, December 9 by Canaccord Genuity.

More notable 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 with their article: “The Globe and Mail” published on May 18, 2014, Wsj.com published: “Callidus Capital IPO Raises 43% More Than Minimum Target” on April 14, 2014. More interesting news about Callidus Capital Corp (TSE:CBL) were released by: Business.Financialpost.com and their article: “Will Callidus Capital Corp. go private?” published on October 06, 2015 as well as Business.Financialpost.com‘s news article titled: “Catalyst Capital Group Inc may take Callidus Capital Corp private as short …” with publication date: April 28, 2015.

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 $833.62 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 17.11 P/E ratio. The Firm offers loans ranging in size from $5 million to $100 million.

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