Scotiabank Believes Cara Operations (TSX: CARA) Won’t Stop Here

By Jason Carr

Wall Street analyst has provided a review for the Services company on March 12, but retained the same rating on the stock. Scotiabank’s analyst George Doumet reiterates their Buy rating on the shares of Cara Operations (TSX: CARA), with a C$33.50 price target.

According to, Doumet is ranked #1605 out of 4787 analysts.

Currently, the analyst consensus on Cara Operations is Moderate Buy and the average price target is C$30.30, representing a 9.6% upside.

In a report issued on March 12, Canaccord Genuity also reiterated a Buy rating on the stock with a C$32 price target.

The company has a one-year high of C$28.35 and a one-year low of C$21.20. Currently, Cara Operations has an average volume of 36.23K.

Cara Operations Ltd. engages in the operation of restaurant chains. It operates through the following segments: Corporate Restaurants, Franchise Restaurants and Central Operations. The Corporate Restaurants segment includes the operations of the company-owned restaurants which generate revenues from the direct sale of prepared food and beverages to customers.

The company’s shares closed on Wednesday at C$27.64, close to its 52-week high of C$28.35.