Carnival (LON:CCL) Share Price Crosses Above 200-Day Moving Average of $3,824.63

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Carnival plc (LON:CCL)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3,824.63 and traded as high as $3,710.00. Carnival shares last traded at $3,687.00, with a volume of 708,254 shares.

Several equities research analysts recently commented on CCL shares. UBS Group reissued a “buy” rating and set a GBX 4,700 ($61.41) price objective (down previously from GBX 5,500 ($71.87)) on shares of Carnival in a research note on Friday, June 28th. HSBC boosted their price objective 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 note on Monday, June 17th. Shore Capital reissued a “buy” rating on shares of Carnival in a research note on Friday, June 21st. Finally, Barclays lowered shares of Carnival to an “equal weight” rating and dropped their price objective for the stock from GBX 5,235 ($68.40) to GBX 4,330 ($56.58) in a research note on Monday, June 24th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 4,732.50 ($61.84).

The company has a debt-to-equity ratio of 46.42, a current ratio of 0.27 and a quick ratio of 0.18. The firm’s 50 day moving average is GBX 3,585.26 and its 200 day moving average is GBX 3,824.63. The firm has a market cap of $6.87 billion and a P/E ratio of 8.63.

The firm also recently disclosed a dividend, which was paid on Friday, September 13th. Investors of record on Thursday, August 22nd were paid a dividend of $0.50 per share. This represents a yield of 1.15%. The ex-dividend date was Thursday, August 22nd. Carnival’s payout ratio is currently 0.39%.

About Carnival (LON:CCL)

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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