Cara Operations Ltd (TSE:CAO) had its price objective cut by analysts at Laurentian from C$38.00 to C$32.00 in a research note issued on Monday, AnalystRatings.Net reports. The firm presently has a “buy” rating on the stock. Laurentian’s target price points to a potential upside of 24.51% from the company’s current price.

Shares of Cara Operations (TSE:CAO) opened at 25.70 on Monday. The firm has a 50-day moving average of $28.18 and a 200 day moving average of $32.61. The company has a market cap of $1.26 billion and a price-to-earnings ratio of 69.09. Cara Operations has a 12 month low of $24.00 and a 12 month high of $36.99.

Other research analysts also recently issued research reports about the company. BMO Capital Markets reduced their price target on Cara Operations from C$37.00 to C$35.00 and set a “market perform” rating for the company in a report on Friday, November 13th. RBC Capital reduced their price target on Cara Operations from C$39.00 to C$38.00 and set an “outperform” rating for the company in a report on Friday, November 13th. Scotiabank reissued an “outperform” rating and issued a C$42.00 price target on shares of Cara Operations in a report on Thursday, November 12th. Finally, CIBC started coverage on Cara Operations in a research note on Tuesday, October 27th. They set a “sector performer” rating and a C$35.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of C$37.33.

Cara Operations Limited is a Canada-based food services company. The Company owns and operates service restaurants. The Company operates a range of airport restaurants and bars. The Company operates approximately 700 restaurants and nine Flight Centers across Canada. The Company’s brands are Swiss Chalet, East Side Mario’s, Milestones, Casey’s, Bier Markt, Kelsey’s, Fionn MacCool’s, Montana’s and Harvey’s.

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