Cara Operations Ltd (CAO) Stock Rating Reaffirmed by Scotiabank
Cara Operations Ltd (TSE:CAO)‘s stock had its “outperform” rating reissued by research analysts at Scotiabank in a research report issued on Thursday. They currently have a C$33.50 price target on the stock. Scotiabank’s target price suggests a potential upside of 24.44% from the stock’s current price.
Other equities analysts have also issued research reports about the company. Royal Bank Of Canada reiterated an “outperform” rating and set a C$34.00 price objective on shares of Cara Operations in a research note on Monday, October 17th. National Bank Financial restated an “outperform” rating and set a C$34.00 target price on shares of Cara Operations in a research report on Wednesday, September 7th. Finally, CIBC raised their target price on Cara Operations from C$28.50 to C$29.00 and gave the company a “sector perform” rating in a research report on Monday, August 8th. Two investment 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 target price of C$32.64.
Shares of Cara Operations (TSE:CAO) opened at 26.92 on Thursday. The firm’s 50-day moving average price is $27.63 and its 200-day moving average price is $29.27. Cara Operations has a 12 month low of $22.85 and a 12 month high of $36.98. The stock has a market capitalization of $1.37 billion and a P/E ratio of 13.47.
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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