Cara Operations (CARA) Receives C$31.33 Consensus Price Target from Brokerages

Shares of Cara Operations (TSE:CARA) have been assigned an average recommendation of “Buy” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$31.33.

Several equities analysts have recently weighed in on CARA shares. BMO Capital Markets reaffirmed an “outperform” rating and set a C$30.00 price target on shares of Cara Operations in a research note on Monday, April 23rd. Scotiabank raised their price target on shares of Cara Operations from C$33.50 to C$36.00 and gave the stock an “outperform” rating in a research note on Monday, May 14th. National Bank Financial raised their price target on shares of Cara Operations from C$31.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 13th. Finally, Royal Bank of Canada raised their price target on shares of Cara Operations from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 13th.

Cara Operations opened at C$27.72 on Friday, according to MarketBeat Ratings. Cara Operations has a 52-week low of C$21.20 and a 52-week high of C$29.88.

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 31, 2017, the company operated 1,272 restaurants, including 1,221 restaurants in Canada and 51 locations internationally under the Swiss Chalet, Harvey's, St-Hubert, Milestones, Montana's, Kelsey's, East Side Mario's, New York Fries, Prime Pubs, Bier Markt, Landing, Original Joe's, State & Main, Elephant & Castle, Burger's Priest, Pickle Barrel, Taverne Moderne, and The Keg restaurant brands.

Analyst Recommendations for Cara Operations (TSE:CARA)

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