Cara Operations Ltd (TSE:CAO) has been assigned a consensus rating of “Buy” from the seven brokerages that are covering the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$32.93.
Several analysts recently commented on CAO shares. Scotiabank reaffirmed an “outperform” rating and set a C$33.50 target price on shares of Cara Operations in a report on Wednesday, September 21st. CIBC raised their target price on Cara Operations from C$28.50 to C$29.00 and gave the stock a “sector perform” rating in a report on Monday, August 8th. National Bank Financial reaffirmed an “outperform” rating and set a C$34.00 target price on shares of Cara Operations in a report on Wednesday, September 7th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a C$34.00 target price on shares of Cara Operations in a report on Friday, September 2nd.
Cara Operations (TSE:CAO) opened at 28.08 on Tuesday. The company has a market cap of $1.38 billion and a P/E ratio of 13.38. Cara Operations has a 52-week low of $22.85 and a 52-week high of $36.98. The stock’s 50 day moving average price is $29.38 and its 200 day moving average price is $29.70.
Cara Operations Company Profile
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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