National Bank Financial Downgrades Callidus Capital Corp (TSE:CBL) to Sector Perform

Callidus Capital Corp (TSE:CBL) was downgraded by equities researchers 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 currently have a C$11.00 price target on the stock, down from their prior price target of C$18.00. National Bank Financial’s target price would indicate a potential downside of 4.10% from the stock’s previous close.

Separately, Canaccord Genuity lowered their target price on shares of Callidus Capital Corp from C$17.50 to C$15.00 and set a “hold” rating for the company in a research note on Friday, May 5th.

Shares of Callidus Capital Corp (TSE:CBL) opened at 11.47 on Friday. The firm’s 50 day moving average is $14.45 and its 200 day moving average is $16.54. The company’s market cap is $580.32 million. Callidus Capital Corp has a 12 month low of $10.90 and a 12 month high of $20.89.

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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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