Published On: Wed, Sep 7th, 2016

Cara Operations Ltd (CAO) Given a C$34.00 Price Target by National Bank Financial Analysts

Cara Operations Ltd (TSE:CAO) has been given a C$34.00 target price by National Bank Financial in a research report issued to clients and investors on Wednesday. The brokerage currently has a an “outperform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 12.84% from the company’s previous close.
Shares of Cara Operations (TSE:CAO) traded down 0.40% during midday trading on Wednesday, hitting $30.13. 11,097 shares of the stock were exchanged. The firm has a market cap of $1.48 billion and a PE ratio of 14.36. The firm has a 50-day moving average price of $30.17 and a 200 day moving average price of $29.18. Cara Operations has a 12-month low of $22.85 and a 12-month high of $36.98.

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A number of other research firms have also weighed in on CAO. Scotiabank lifted their price objective on shares of Cara Operations from C$32.00 to C$33.50 and gave the company an “outperform” rating in a research report on Friday, September 2nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a C$34.00 price objective on shares of Cara Operations in a research report on Friday, September 2nd. Finally, CIBC lifted their price objective on shares of Cara Operations from C$28.50 to C$29.00 and gave the company a “sector perform” rating in a research report on Monday, August 8th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Cara Operations currently has an average rating of “Buy” and an average target price of C$32.93.
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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