Cara Operations (CARA) Sets New 12-Month High at $30.09

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Shares of Cara Operations (TSE:CARA) hit a new 52-week high on Friday . The stock traded as high as C$30.09 and last traded at C$27.72, with a volume of 35305 shares changing hands. The stock had previously closed at C$28.41.

Several brokerages recently weighed in on CARA. Scotiabank lifted their price objective on shares of Cara Operations from C$33.50 to C$36.00 and gave the company an “outperform” rating in a research report on Monday, May 14th. BMO Capital Markets restated an “outperform” rating and set a C$30.00 price target on shares of Cara Operations in a research report on Monday, April 23rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of C$31.33.

About Cara Operations (TSE:CARA)

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.

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