Carnival (LON:CCL) had its target price hoisted by investment analysts at HSBC from GBX 5,200 ($67.95) to GBX 5,300 ($69.25) in a research note issued to investors on Monday, ThisIsMoney.Co.Uk reports. The brokerage presently has a “buy” rating on the stock. HSBC’s price objective would indicate a potential upside of 31.48% from the stock’s previous close.
CCL has been the subject of a number of other research reports. UBS Group reiterated a “buy” rating and set a GBX 5,500 ($71.87) price target (down previously from GBX 6,000 ($78.40)) on shares of Carnival in a research note on Wednesday, March 27th. Barclays cut their price target on Carnival from GBX 5,460 ($71.34) to GBX 5,235 ($68.40) and set an “overweight” rating for the company in a research note on Thursday, March 28th. Finally, Berenberg Bank cut their price target on Carnival from GBX 5,000 ($65.33) to GBX 4,600 ($60.11) and set a “buy” rating for the company in a research note on Wednesday, April 3rd. Six analysts have rated the stock with a buy rating, Carnival currently has an average rating of “Buy” and a consensus price target of GBX 5,267 ($68.82).
CCL stock opened at GBX 4,031 ($52.67) on Monday. The stock has a market cap of $6.64 billion and a price-to-earnings ratio of 9.16. The company has a debt-to-equity ratio of 47.87, a current ratio of 0.22 and a quick ratio of 0.12. Carnival has a 52-week low of GBX 3,611 ($47.18) and a 52-week high of GBX 5,030 ($65.73).
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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