Carnival plc (LON:CCL) Receives Consensus Rating of “Buy” from Analysts

Shares of Carnival plc (LON:CCL) have received a consensus recommendation of “Buy” from the six analysts that are currently covering the firm, reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is GBX 4,926 ($64.37).

A number of analysts have commented on CCL shares. Barclays lowered shares of Carnival to an “equal weight” rating and lowered their target price for the stock from GBX 5,235 ($68.40) to GBX 4,330 ($56.58) in a report on Monday, June 24th. Shore Capital reaffirmed a “buy” rating on shares of Carnival in a report on Friday, June 21st. UBS Group reissued a “buy” rating and set a GBX 4,700 ($61.41) price target (down from GBX 5,500 ($71.87)) on shares of Carnival in a research report on Friday, June 28th. Finally, HSBC lifted their price target on shares of Carnival from GBX 5,200 ($67.95) to GBX 5,300 ($69.25) and gave the stock a “buy” rating in a research report on Monday, June 17th.

CCL traded down GBX 127 ($1.66) during trading on Friday, reaching GBX 3,611 ($47.18). 663,641 shares of the company’s stock were exchanged, compared to its average volume of 778,140. The firm has a fifty day moving average of GBX 3,604.44. The company has a debt-to-equity ratio of 46.42, a current ratio of 0.27 and a quick ratio of 0.18. Carnival has a fifty-two week low of GBX 3,354 ($43.83) and a fifty-two week high of GBX 5,030 ($65.73). The firm has a market cap of $6.78 billion and a price-to-earnings ratio of 8.45.

The company also recently declared a dividend, which will be paid on Friday, September 13th. Stockholders of record on Thursday, August 22nd will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, August 22nd. This represents a dividend yield of 1.15%. Carnival’s dividend payout ratio is 0.37%.

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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