Cara Operations’ (CAO) Outperform Rating Reaffirmed at Royal Bank Of Canada
Cara Operations Ltd (TSE:CAO)‘s stock had its “outperform” rating reissued by investment analysts at Royal Bank Of Canada in a note issued to investors on Monday, StockTargetPrices.com reports. They presently have a C$34.00 price objective on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 22.13% from the stock’s previous close.
A number of other research analysts have also weighed in on the stock. Scotiabank reissued an “outperform” rating and issued a C$33.50 target price on shares of Cara Operations in a research note on Wednesday, September 21st. National Bank Financial reissued an “outperform” rating and issued a C$34.00 target price on shares of Cara Operations in a research note on Wednesday, September 7th. Finally, CIBC raised their target price 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. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$32.93.
Cara Operations (TSE:CAO) traded down 1.42% during mid-day trading on Monday, reaching $27.84. The company’s stock had a trading volume of 4,141 shares. The company’s 50-day moving average price is $29.05 and its 200 day moving average price is $29.77. The firm has a market capitalization of $1.37 billion and a price-to-earnings ratio of 13.27. Cara Operations has a 52 week low of $22.85 and a 52 week high of $36.98.
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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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