Carnival (LON:CCL) had its target price lowered by equities research analysts at Berenberg Bank from GBX 5,300 ($75.89) to GBX 5,050 ($72.31) in a research report issued on Tuesday, April 3rd. The firm presently has a “hold” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 9.50% from the stock’s current price.
Other equities analysts have also recently issued research reports about the stock. Shore Capital reiterated a “hold” rating on shares of Carnival in a research report on Wednesday, March 14th. HSBC reiterated a “buy” rating and issued a GBX 5,500 ($78.75) target price on shares of Carnival in a research report on Friday, February 16th. Finally, Morgan Stanley upgraded shares of Carnival to an “equal weight” rating and lifted their target price for the stock from GBX 4,700 ($67.30) to GBX 5,100 ($73.02) in a research report on Wednesday, December 6th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Carnival presently has a consensus rating of “Hold” and a consensus target price of GBX 5,411.67 ($77.49).
Shares of Carnival stock traded up GBX 11 ($0.16) on Tuesday, hitting GBX 4,612 ($66.04). 519,364 shares of the company traded hands, compared to its average volume of 778,140. Carnival has a 12-month low of GBX 4,437 ($63.53) and a 12-month high of GBX 5,435 ($77.82).
COPYRIGHT VIOLATION WARNING: “Carnival (CCL) Price Target Lowered to GBX 5,050 at Berenberg Bank” was posted by Macon Daily and is owned by of Macon Daily. If you are reading this piece on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark legislation. The legal version of this piece can be viewed at https://macondaily.com/2018/04/19/carnival-ccl-price-target-cut-to-gbx-5050-updated-updated.html.
Carnival Company Profile
Carnival plc operates as a leisure travel and cruise company. It offers cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, and Seabourn brands in North America; and Costa, AIDA, P&O Cruises (UK), Cunard, and P&O Cruises (Australia) brands in Europe, Australia, and Asia.
Receive News & Ratings for Carnival Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival and related companies with MarketBeat.com's FREE daily email newsletter.