Analysts Set Cara Operations Ltd (CAO) PT at $32.93
Cara Operations Ltd (TSE:CAO) has been assigned a consensus recommendation of “Buy” from the seven brokerages that are currently covering the firm. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$32.64.
Several equities analysts have commented on CAO shares. Scotiabank reissued an “outperform” rating and issued a C$33.00 target price on shares of Cara Operations in a report on Friday, August 5th. Royal Bank Of Canada decreased their target price on shares of Cara Operations from C$34.00 to C$32.00 and set an “outperform” rating on the stock in a report on Friday. National Bank Financial reissued an “outperform” rating and issued a C$34.00 target price on shares of Cara Operations in a report 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 company a “sector perform” rating in a report on Monday, August 8th.
Cara Operations (TSE:CAO) opened at 26.92 on Tuesday. The firm has a market capitalization of $1.37 billion and a price-to-earnings ratio of 13.47. Cara Operations has a one year low of $22.85 and a one year high of $36.98. The company has a 50-day moving average of $27.63 and a 200 day moving average of $29.27.
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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