Cara Operations Ltd (CAO) Stock Rating Reaffirmed by Scotiabank
Cara Operations Ltd (TSE:CAO)‘s stock had its “outperform” rating reissued by equities research analysts at Scotiabank in a research note issued to investors on Wednesday. They presently have a C$33.50 target price on the stock. Scotiabank’s price objective suggests a potential upside of 13.56% from the stock’s previous close.
Other analysts have also issued reports about the company. CIBC lifted their price objective on Cara Operations from C$28.50 to C$29.00 and gave the stock a “sector perform” rating in a research report on Monday, August 8th. Royal Bank Of Canada reiterated an “outperform” rating and issued a C$34.00 price objective on shares of Cara Operations in a research report on Friday, September 2nd. Finally, National Bank Financial reiterated an “outperform” rating and issued a C$34.00 price objective on shares of Cara Operations in a research report on Wednesday, September 7th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$32.93.
Cara Operations (TSE:CAO) opened at 29.50 on Wednesday. The stock has a 50 day moving average price of $30.03 and a 200-day moving average price of $29.57. Cara Operations has a one year low of $22.85 and a one year high of $36.98. The firm has a market cap of $1.45 billion and a P/E ratio of 14.06.
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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