Cara Operations (TSE:CAO) target price raised to $33.50, reported today by Scotia Capital
- Updated: September 21, 2016
Cara Operations (TSE:CAO) had its target price raised to $33.50 by Scotia Capital in a report released 9/21/2016. The new target price indicates a possible upside of 0.13% based on the company's last stock close price.
Previously on Wednesday September 07, 2016, National Bank Financial reported about Cara Operations (TSE:CAO) raised the target price from $0.00 to $34.00. At the time, this indicated a possible upside of 0.13%.
Yesterday Cara Operations (TSE:CAO) traded 0.20% higher at $29.60. The company’s 50-day moving average is $30.07 and its 200-day moving average is $29.57. The last stock close price is up 0.24% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 4,200 shares of the stock were exchanged, down from an average trading volume of 21,927
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Cara Operations has a 52 week low of $22.85 and a 52 week high of $36.98 with a P/E ratio of 14.13 CAO’s total market value is presently $0.
A total of 8 equity analysts have released a ratings update on CAO. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $25.64.
Brief Synopsis About Cara Operations (TSE:CAO)
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. The franchise restaurants segment represents the operations of its franchised restaurant network operating under the Company's brand names. The central operations segment includes call center services, which earn fees from off-premise phone, mobile and Web orders processed for corporate and franchised restaurants, and income generated from the lease of certain equipment to franchisees, as well as the collection of new franchise and franchise renewal fees. It has over 10 brands and approximately 1,010 restaurants across Canada, approximately 88% of which are operated by franchisees.
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