Carnival’s (CCL) “Buy” Rating Reaffirmed at UBS Group

UBS Group reiterated their buy rating on shares of Carnival (LON:CCL) in a research report sent to investors on Wednesday, March 27th, ThisIsMoney.Co.Uk reports. The brokerage currently has a GBX 5,500 ($71.87) target price on the stock, down from their previous target price of GBX 6,000 ($78.40).

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. Finally, Shore Capital upgraded Carnival to a buy rating in a report on Tuesday, January 8th. 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 Wednesday, 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.

The company also recently disclosed a dividend, which will be paid on Friday, June 14th. Shareholders of record on Thursday, May 23rd will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a yield of 0.95%. Carnival’s payout ratio is currently 0.34%.

In other Carnival news, insider Arnold W. Donald sold 28,846 shares of the company’s 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 value of £1,646,529.68 ($2,151,482.66).

Carnival Company Profile

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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Analyst Recommendations for Carnival (LON:CCL)

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