The stock of Callidus Capital Corp (TSE:CBL) hit a new 52-week high and has $29.81 target or 69.00% above today’s $17.64 share price. The 7 months bullish chart indicates low risk for the $920.49M company. The 1-year high was reported on Nov, 2 by Barchart.com. If the $29.81 price target is reached, the company will be worth $635.14M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 19,163 shares traded hands. Callidus Capital Corp (TSE:CBL) has risen 75.46% since March 29, 2016 and is uptrending. It has outperformed by 72.94% the S&P500.
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 -7.31% below today’s ($17.64) stock price. Callidus Capital Corp. has been the topic of 9 analyst reports since August 5, 2015 according to StockzIntelligence Inc. M Partners downgraded Callidus Capital Corp (TSE:CBL) on Tuesday, August 11 to “Buy” rating. The stock of Callidus Capital Corp (TSE:CBL) earned “Buy” rating by TD Securities on Wednesday, August 5. National Bank Canada maintained the stock with “Outperform” rating in Friday, November 6 report. Canaccord Genuity downgraded the stock to “Hold” rating in Wednesday, December 9 report. On Monday, November 9 the stock rating was downgraded by TD Securities to “Hold”. The stock has “Buy” rating given by Canaccord Genuity on Monday, August 10. IBC downgraded it to “Sector Performer” rating and $14.50 target price in Tuesday, October 6 report.
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, Business.Financialpost.com published: “Callidus Capital suits shine light on world of distressed lending” on October 31, 2016. More interesting news about Callidus Capital Corp (TSE:CBL) were released by: Wsj.com and their article: “Callidus Capital IPO Raises 43% More Than Minimum Target” published on April 14, 2014 as well as Business.Financialpost.com‘s news article titled: “Will Callidus Capital Corp. go private?” with publication date: October 06, 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 $920.49 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 17.68 P/E ratio. The Firm offers loans ranging in size from $5 million to $100 million.
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