Carnival (LON:CCL) Stock Rating Reaffirmed by Shore Capital

Carnival (LON:CCL)‘s stock had its “hold” rating restated by stock analysts at Shore Capital in a report issued on Wednesday, Stock Target Advisor reports.

CCL has been the topic of several other reports. Berenberg Bank reiterated a “sell” rating and issued a GBX 3,100 ($40.51) price target on shares of Carnival in a research report on Friday, November 1st. UBS Group downgraded shares of Carnival to a “neutral” rating and cut their price objective for the company from GBX 4,700 ($61.41) to GBX 3,600 ($47.04) in a research report on Monday, September 30th. Barclays restated an “equal weight” rating on shares of Carnival in a research note on Thursday, October 10th. Finally, HSBC cut Carnival to a “hold” rating and decreased their target price for the stock from GBX 5,300 ($69.25) to GBX 3,500 ($45.73) in a report on Monday, October 7th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 3,500 ($45.73).

Shares of LON CCL opened at GBX 3,153 ($41.20) on Wednesday. The firm has a 50 day moving average of GBX 3,182.22 and a 200 day moving average of GBX 3,509.70. The company has a current ratio of 0.30, a quick ratio of 0.20 and a debt-to-equity ratio of 42.53. The firm has a market capitalization of $5.76 billion and a price-to-earnings ratio of 7.14. Carnival has a 12-month low of GBX 3,037 ($39.68) and a 12-month high of GBX 4,696 ($61.36).

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.

Read More: How accurate is the Rule of 72?

Analyst Recommendations for Carnival (LON:CCL)

Receive News & Ratings for Carnival Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival and related companies with MarketBeat.com's FREE daily email newsletter.