Trading Report: The Cara Operations Ltd (TSE:CAO) Given Average Recommendation of “Buy” by Brokerages

The Cara Operations Ltd (TSE:CAO) Given Average Recommendation of “Buy” by Brokerages

Cara Operations Ltd (TSE:CAO) has been assigned an average recommendation of “Buy” from the seven ratings firms that are presently covering the stock. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$32.93.

A number of research analysts have issued reports on CAO shares. National Bank Financial restated an “outperform” rating and set a C$34.00 target price on shares of Cara Operations in a research report on Wednesday, September 7th. Royal Bank Of Canada restated an “outperform” rating and set a C$34.00 target price on shares of Cara Operations in a research report on Friday, September 2nd. Scotiabank restated an “outperform” rating and set a C$33.50 target price on shares of Cara Operations in a research report on Wednesday, September 21st. Finally, CIBC increased their target price on shares of Cara Operations from C$28.50 to C$29.00 and gave the stock a “sector perform” rating in a research report on Monday, August 8th.

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