Cara Operations (CARA) Given Consensus Rating of “Buy” by Brokerages

Cara Operations (TSE:CARA) has received an average recommendation of “Buy” from the six analysts that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating 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$30.08.

A number of analysts have recently commented on the company. Scotiabank boosted their price target on Cara Operations from C$32.50 to C$33.50 and gave the company an “outperform” rating in a report on Tuesday, March 13th. National Bank Financial boosted their price target on Cara Operations from C$30.00 to C$31.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Royal Bank of Canada boosted their price target on Cara Operations from C$31.00 to C$32.00 and gave the company an “outperform” rating in a report on Tuesday, March 13th. Raymond James boosted their price target on Cara Operations from C$26.00 to C$29.00 and gave the company a “market perform” rating in a report on Wednesday, January 24th. Finally, CIBC boosted their price target on Cara Operations from C$24.00 to C$28.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th.

CARA stock traded down C$0.05 during midday trading on Friday, hitting C$27.39. 19,995 shares of the company’s stock were exchanged, compared to its average volume of 39,577. Cara Operations has a one year low of C$21.20 and a one year high of C$29.88.

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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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