Carnival (LON:CCL) Raised to “Hold” at Berenberg Bank
Berenberg Bank upgraded shares of Carnival (LON:CCL) to a hold rating in a report released on Wednesday, Digital Look reports. The firm currently has GBX 800 ($9.84) price target on the stock.
Other equities research analysts also recently issued research reports about the stock. Morgan Stanley reiterated an underweight rating on shares of Carnival in a research note on Wednesday, June 3rd. HSBC raised shares of Carnival to a buy rating and dropped their price objective for the stock from GBX 3,500 ($43.07) to GBX 1,280 ($15.75) in a research note on Monday, May 11th. Barclays reissued an equal weight rating and set a GBX 1,310 ($16.12) price objective on shares of Carnival in a research note on Tuesday, July 14th. Finally, UBS Group dropped their price objective on shares of Carnival from GBX 2,400 ($29.53) to GBX 1,000 ($12.31) and set a neutral rating for the company in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of GBX 1,097.50 ($13.51).
LON CCL opened at GBX 826.60 ($10.17) on Wednesday. Carnival has a 1 year low of GBX 9.45 ($0.12) and a 1 year high of GBX 3,864 ($47.55). The company has a market capitalization of $1.51 billion and a PE ratio of -1.95. The company has a fifty day moving average of GBX 1,045.30 and a two-hundred day moving average of GBX 1,611.76. The company has a debt-to-equity ratio of 106.82, a current ratio of 0.69 and a quick ratio of 0.63.
Carnival plc operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.
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