Royal Bank Of Canada reiterated their outperform rating on shares of Cara Operations Ltd (TSE:CAO) in a report issued on Monday morning. They currently have a C$34.00 price objective on the stock.

Other analysts also recently issued reports about the stock. Scotiabank reissued an outperform rating and issued a C$33.00 price target on shares of Cara Operations in a research note on Friday, August 5th. National Bank Financial reissued an outperform rating and issued a C$34.00 price target on shares of Cara Operations in a research note on Wednesday, September 7th. Finally, CIBC boosted their price target 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of Buy and an average price target of C$32.93.

Analyst Recommendations for Cara Operations (TSE:CAO)

Cara Operations (TSE:CAO) opened at 27.84 on Monday. The firm’s 50-day moving average price is $28.98 and its 200-day moving average price is $29.81. Cara Operations has a 1-year low of $22.85 and a 1-year high of $36.98. The firm has a market cap of $1.37 billion and a P/E ratio of 13.27.

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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