Canaccord Genuity Keeps a Buy Rating on Cara Operations

In a new note to investors today, an analyst has provided a rating update for the Services sector company, Cara Operations (TSX: CARA). Analyst Derek Dley from Canaccord Genuity reiterated a Buy rating, with a C$32 price target.

Dley noted:

“We are reiterating our BUY rating and C$32.00 target price, following the reporting of in- line Q1/18 financial results.”

According to TipRanks.com, Dley is ranked #505 out of 4798 analysts.

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Cara Operations has an analyst consensus of Strong Buy, with a price target consensus of C$31.88.

Cara Operations’ market cap is currently C$1.61B and has a P/E ratio of 15. The company has a Price to Book ratio of 2.64.

Cara Operations Ltd. engages in the operation of restaurant chains. It operates through the following segments: Corporate Restaurants; Franchise Restaurants; Food Processing and Distribution; and Central Operations.

The company’s shares closed on Friday at C$27.18.