Royal Bank Of Canada Reiterates “Outperform” Rating for Cara Operations Ltd (CAO)
Cara Operations Ltd (TSE:CAO)‘s stock had its “outperform” rating reissued by research analysts at Royal Bank Of Canada in a research note issued to investors on Monday, StockTargetPrices.com reports. They presently have a C$34.00 price objective on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 21.13% from the stock’s previous close.
CAO has been the subject of a number of other research reports. Scotiabank reiterated an “outperform” rating and set a C$33.50 price target on shares of Cara Operations in a research report on Wednesday, September 21st. National Bank Financial reiterated an “outperform” rating and set a C$34.00 price target on shares of Cara Operations in a research report on Wednesday, September 7th. Finally, CIBC boosted their price target 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. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of C$32.93.
Shares of Cara Operations (TSE:CAO) opened at 28.07 on Monday. The company’s 50 day moving average price is $28.92 and its 200-day moving average price is $29.80. Cara Operations has a 1-year low of $22.85 and a 1-year high of $36.98. The firm has a market cap of $1.38 billion and a price-to-earnings ratio of 13.38.
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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