Cara Operations’ (CAO) Outperform Rating Reiterated at Scotiabank
Cara Operations Ltd (TSE:CAO)‘s stock had its “outperform” rating reiterated by Scotiabank in a research report issued on Wednesday. They presently have a C$33.50 price target on the stock. Scotiabank’s target price points to a potential upside of 13.56% from the stock’s current price.
Several other research analysts have also weighed in on the stock. CIBC boosted their price objective on shares of Cara Operations from C$28.50 to C$29.00 and gave the stock a “sector perform” rating in a research note on Monday, August 8th. National Bank Financial restated an “outperform” rating and set a C$34.00 price objective on shares of Cara Operations in a research note on Wednesday, September 7th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a C$34.00 price objective on shares of Cara Operations in a report on Friday, September 2nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Cara Operations presently has an average rating of “Buy” and an average target price of C$32.93.
Cara Operations (TSE:CAO) traded down 0.27% during mid-day trading on Wednesday, hitting $29.50. 7,109 shares of the stock traded hands. Cara Operations has a 52 week low of $22.85 and a 52 week high of $36.98. The firm’s 50-day moving average price is $30.07 and its 200-day moving average price is $29.57. The firm has a market cap of $1.45 billion and a P/E ratio of 14.06.
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About Cara Operations
Cara Operations Limited is a Canada-based full service restaurant operator and franchisor. The Company operates through three segments: corporate restaurants, franchise restaurants and central operations. The corporate restaurant segment includes the operations of the Company-owned restaurants, which generate revenues from the direct sale of prepared food and beverages to customers.
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