Brokerages Set Carnival plc (CCL) Target Price at $5,484.00

Shares of Carnival plc (LON:CCL) have been assigned an average rating of “Buy” from the six brokerages that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 5,327 ($69.61).

Several research firms have weighed in on CCL. HSBC dropped their price objective on shares of Carnival from GBX 5,400 ($70.56) to GBX 5,200 ($67.95) and set a “buy” rating on the stock in a research note on Friday. Barclays dropped their price objective on shares of Carnival from GBX 5,460 ($71.34) to GBX 5,235 ($68.40) and set an “overweight” rating on the stock in a research note on Thursday. UBS Group reiterated a “buy” rating and issued a GBX 6,000 ($78.40) price objective (up previously from GBX 5,750 ($75.13)) on shares of Carnival in a research note on Monday, January 7th. Shore Capital upgraded shares of Carnival to a “buy” rating in a research note on Tuesday, January 8th. Finally, Berenberg Bank upped their price objective on shares of Carnival from GBX 4,700 ($61.41) to GBX 5,000 ($65.33) and gave the company a “buy” rating in a research note on Thursday, January 17th.

In other news, insider Arnold W. Donald sold 28,846 shares of the stock in a transaction on 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).

Shares of CCL stock traded up GBX 51 ($0.67) during trading on Monday, hitting GBX 3,765 ($49.20). 1,056,718 shares of the company were exchanged, compared to its average volume of 778,140. Carnival has a twelve month low of GBX 3,611 ($47.18) and a twelve month high of GBX 5,030 ($65.73). The stock has a market cap of $6.19 billion and a P/E ratio of 8.48. The company has a debt-to-equity ratio of 42.31, a quick ratio of 0.15 and a current ratio of 0.24.

The firm also recently declared a dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 21st were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, February 21st. This represents a dividend yield of 0.94%. Carnival’s dividend payout ratio (DPR) is 0.34%.

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.

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Analyst Recommendations for Carnival (LON:CCL)

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