Shares of Cara Operations Ltd (TSE:CARA) have earned an average recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$27.42.

Several equities research analysts recently issued reports on the company. CIBC dropped their price target on Cara Operations from C$26.00 to C$24.00 in a research report on Tuesday, November 7th. Raymond James Financial, Inc. upped their price target on Cara Operations from C$25.00 to C$26.00 and gave the company a “market perform” rating in a research report on Tuesday, November 7th. BMO Capital Markets set a C$25.00 price target on Cara Operations and gave the company a “market perform” rating in a research report on Tuesday, November 7th. Scotiabank dropped their price target on Cara Operations from C$34.00 to C$32.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 2nd. Finally, Royal Bank Of Canada dropped their price target on Cara Operations from C$31.00 to C$29.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 2nd.

Cara Operations (TSE CARA) traded up C$0.03 during trading on Tuesday, hitting C$23.89. The stock had a trading volume of 18,107 shares, compared to its average volume of 31,715. Cara Operations has a 12 month low of C$21.20 and a 12 month high of C$27.47.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given a $0.102 dividend. This represents a $0.41 annualized dividend and a yield of 1.71%. The ex-dividend date is Wednesday, November 29th. Cara Operations’s dividend payout ratio is presently 24.50%.

ILLEGAL ACTIVITY NOTICE: “Cara Operations Ltd (CARA) Receives Consensus Rating of “Hold” from Brokerages” was published by Watch List News and is the property of of Watch List News. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark & copyright law. The correct version of this story can be read at https://www.watchlistnews.com/cara-operations-ltd-cara-receives-consensus-rating-of-hold-from-brokerages/1703476.html.

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.

Analyst Recommendations for Cara Operations (TSE:CARA)

Receive News & Ratings for Cara Operations Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cara Operations Ltd and related companies with Analyst Ratings Network's FREE daily email newsletter.