Cara Operations Ltd (TSE:CAO)‘s stock had its “outperform” rating reaffirmed by investment analysts at Scotiabank in a report issued on Wednesday. They presently have a C$33.50 price objective on the stock. Scotiabank’s price target would indicate a potential upside of 13.56% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the stock. CIBC upped their price target 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. National Bank Financial reissued an “outperform” rating and issued a C$34.00 price target on shares of Cara Operations in a report on Wednesday, September 7th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a C$34.00 price target on shares of Cara Operations in a report on Friday, September 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of C$32.93.

Shares of Cara Operations (TSE:CAO) opened at 29.50 on Wednesday. The company has a 50-day moving average of $30.03 and a 200-day moving average of $29.57. 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 $1.45 billion and a P/E ratio of 14.06.

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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