Carnival (CCL) Receives Average Rating of “Hold” from Brokerages

Shares of Carnival (LON:CCL) have been given an average rating of “Hold” by the seven analysts that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 5,411.67 ($77.49).

Several equities analysts have issued reports on the stock. Berenberg Bank lowered their target price on shares of Carnival from GBX 5,300 ($75.89) to GBX 5,050 ($72.31) and set a “hold” rating on the stock in a research note on Tuesday, April 3rd. HSBC restated a “buy” rating and set a GBX 5,500 ($78.75) target price on shares of Carnival in a research note on Friday, February 16th. Shore Capital restated a “hold” rating on shares of Carnival in a research note on Wednesday, March 14th. Finally, Morgan Stanley upped their target price on shares of Carnival from GBX 5,000 ($71.59) to GBX 5,100 ($73.02) and gave the company an “equal weight” rating in a research note on Thursday, March 8th.

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CCL opened at GBX 4,673 ($66.91) on Friday. Carnival has a 52-week low of GBX 4,437 ($63.53) and a 52-week high of GBX 5,435 ($77.82).

The firm also recently disclosed a dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, May 24th will be paid a $0.50 dividend. This represents a dividend yield of 0.78%. The ex-dividend date is Thursday, May 24th. This is a boost from Carnival’s previous dividend of $0.45.

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About Carnival

Carnival plc operates as a leisure travel and cruise company. It offers cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, and Seabourn brands in North America; and Costa, AIDA, P&O Cruises (UK), Cunard, and P&O Cruises (Australia) brands in Europe, Australia, and Asia.

Analyst Recommendations for Carnival (LON:CCL)

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