Carnival (CCL) Price Target Lowered to GBX 5,050 at Berenberg Bank

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).

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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).

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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.

Analyst Recommendations for Carnival (LON:CCL)

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