Callidus Capital Corp (TSE:CBL) Cut to “Sector Perform” at National Bank Financial

Callidus Capital Corp (TSE:CBL) was downgraded by research analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Friday. They presently have a C$11.00 price objective on the stock, down from their prior price objective of C$18.00. National Bank Financial’s target price would suggest a potential downside of 7.02% from the company’s previous close.

Separately, Canaccord Genuity reduced their price objective on Callidus Capital Corp from C$17.50 to C$15.00 and set a “hold” rating on the stock in a research note on Friday, May 5th.

Callidus Capital Corp (TSE:CBL) traded down 3.30% during trading on Friday, reaching $11.44. The company’s stock had a trading volume of 248,812 shares. The company’s market capitalization is $578.81 million. Callidus Capital Corp has a 52 week low of $10.90 and a 52 week high of $20.89. The company has a 50 day moving average price of $14.56 and a 200-day moving average price of $16.59.

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Callidus Capital Corp Company Profile

Callidus Capital Corporation (Callidus) is a Canada-based company, which is engaged in providing financing solutions for companies that are unable to obtain financing from lending institutions. The Company operates a finance business that provides senior secured asset-based loans and lending services to mid-market companies operating in Canada and the United States.

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