Cara Operations Ltd (CARA) Price Target Cut to C$24.00
Cara Operations Ltd (TSE:CARA) had its price target lowered by equities researchers at CIBC from C$26.00 to C$24.00 in a research report issued on Tuesday. CIBC’s price objective points to a potential upside of 0.38% from the company’s previous close.
A number of other equities analysts have also recently issued reports on the stock. BMO Capital Markets set a C$25.00 target price on shares of Cara Operations and gave the stock a “market perform” rating in a report on Tuesday. Raymond James Financial, Inc. raised their target price on shares of Cara Operations from C$25.00 to C$26.00 and gave the stock a “market perform” rating in a report on Tuesday. Scotiabank raised their target price on shares of Cara Operations from C$31.00 to C$31.50 and gave the stock an “outperform” rating in a report on Tuesday, October 17th. Finally, Royal Bank Of Canada cut their target price on shares of Cara Operations from C$31.00 to C$29.00 and set an “outperform” rating on the stock in a report on Wednesday, August 2nd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of C$27.42.
Shares of Cara Operations (CARA) traded up C$1.92 during mid-day trading on Tuesday, hitting C$23.91. 23,450 shares of the stock traded hands, compared to its average volume of 30,800. Cara Operations has a twelve month low of C$21.20 and a twelve month high of C$27.47.
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Cara Operations Company Profile
Cara Operations Limited operates and franchises full service restaurants. It operates through four segments: Corporate Restaurants, Franchise Restaurants, Food Processing and Distribution, and Central Operations. As of December 25, 2016, the company operated 1,237 restaurants, including 1,183 restaurants in Canada and 54 locations internationally under the Swiss Chalet, Harvey's, St-Hubert, Milestones, Montana's, Kelsey's, East Side Mario's, Casey's, New York Fries, Prime Pubs, Original Joe's, State & Main, Elephant & Castle, Bier Markt, and Landing brand names.
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