Several other research firms have also recently weighed in on CARA. Raymond James Financial upped their price objective 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. National Bank Financial upped their price objective on shares of Cara Operations from C$31.00 to C$33.00 and gave the stock an outperform rating in a research report on Tuesday. Royal Bank of Canada upped their target price on Cara Operations from C$29.00 to C$31.00 and gave the stock an outperform rating in a research note on Wednesday, January 24th. Finally, CIBC upped their target price on Cara Operations from C$24.00 to C$28.00 and gave the stock a neutral rating in a research note on Wednesday, January 24th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Cara Operations currently has a consensus rating of Buy and an average target price of C$30.08.
Cara Operations (TSE:CARA) opened at C$27.91 on Tuesday. The firm has a market cap of $1,630.00 and a P/E ratio of 15.77. Cara Operations has a 52-week low of C$21.20 and a 52-week high of C$28.35.
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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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