Analysts Set Cara Operations Ltd (CARA) Price Target at $30.08
Cara Operations Ltd (TSE:CARA) has been given an average recommendation of “Buy” by the six brokerages that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$30.08.
A number of analysts have recently weighed in on CARA shares. CIBC boosted their target price on shares of Cara Operations from C$24.00 to C$28.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. National Bank Financial lifted their price target on shares of Cara Operations from C$30.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Royal Bank of Canada boosted their price objective on shares of Cara Operations from C$31.00 to C$32.00 and gave the company an “outperform” rating in a research report on Tuesday, March 13th. Scotiabank boosted their price objective on shares of Cara Operations from C$32.50 to C$33.50 and gave the company an “outperform” rating in a research report on Tuesday, March 13th. Finally, Raymond James Financial upped their price target on shares of Cara Operations from C$26.00 to C$29.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 24th.
Shares of Cara Operations stock traded down C$0.29 during mid-day trading on Monday, hitting C$27.76. 874 shares of the stock traded hands, compared to its average volume of 39,644. The company has a market cap of $1,620.00 and a P/E ratio of 15.85. Cara Operations has a 12-month low of C$21.20 and a 12-month high of C$28.35.
About Cara Operations
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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