Carnival (LON:CCL) Given New GBX 5,235 Price Target at Barclays

Carnival (LON:CCL) had its price objective decreased by research analysts at Barclays from GBX 5,460 ($71.34) to GBX 5,235 ($68.40) in a report released on Thursday, March 28th, ThisIsMoney.Co.Uk reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 29.71% from the company’s previous close.

A number of other research analysts have also weighed in on the company. HSBC dropped their price objective on Carnival from GBX 5,500 ($71.87) to GBX 5,400 ($70.56) and set a “buy” rating for the company in a report on Thursday, March 21st. Berenberg Bank increased their price target on Carnival from GBX 4,700 ($61.41) to GBX 5,000 ($65.33) and gave the company a “buy” rating in a report on Thursday, January 17th. Shore Capital upgraded Carnival to a “buy” rating in a report on Tuesday, January 8th. Finally, UBS Group reiterated a “buy” rating and issued a GBX 6,000 ($78.40) price target (up from GBX 5,750 ($75.13)) on shares of Carnival in a report on Monday, January 7th. Six analysts have rated the stock with a buy rating, Carnival has an average rating of “Buy” and an average target price of GBX 5,247 ($68.56).

Shares of Carnival stock traded down GBX 63 ($0.82) during trading hours on Thursday, reaching GBX 4,036 ($52.74). 511,385 shares of the company’s stock were exchanged, compared to its average volume of 778,140. Carnival has a 52-week low of GBX 3,611 ($47.18) and a 52-week high of GBX 5,030 ($65.73). The firm has a market cap of $6.63 billion and a PE ratio of 9.17. The company has a quick ratio of 0.12, a current ratio of 0.22 and a debt-to-equity ratio of 47.87.

In other news, insider Arnold W. Donald sold 28,846 shares of the stock in a transaction dated Friday, February 15th. The shares were sold at an average price of GBX 5,708 ($74.59), for a total transaction of £1,646,529.68 ($2,151,482.66).

About Carnival

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.

Read More: Do Tariffs Work?

Analyst Recommendations for Carnival (LON:CCL)

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.