Cara Operations Ltd (CAO) PT Lowered to C$32.00
Cara Operations Ltd (TSE:CAO) had its price target cut by analysts at Royal Bank Of Canada from C$34.00 to C$32.00 in a report released on Friday. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 18.87% from the company’s previous close.
A number of other brokerages have also issued reports on CAO. National Bank Financial reissued an “outperform” rating and issued a C$34.00 price objective on shares of Cara Operations in a report on Wednesday, September 7th. Scotiabank increased their price objective on Cara Operations from C$32.00 to C$33.50 and gave the stock an “outperform” rating in a report on Friday, September 2nd. Finally, CIBC increased their price objective 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. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of C$32.64.
Shares of Cara Operations (TSE:CAO) opened at 26.92 on Friday. Cara Operations has a 12 month low of $22.85 and a 12 month high of $36.98. The stock has a market cap of $1.32 billion and a P/E ratio of 12.83. The stock has a 50 day moving average price of $27.63 and a 200-day moving average price of $29.27.
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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