BNP Paribas Reiterates “Underperform” Rating for Carnival (CCL)
Carnival (LON:CCL)‘s stock had its “underperform” rating reiterated by investment analysts at BNP Paribas in a note issued to investors on Wednesday, StockRatingsNetwork reports. They currently have a GBX 2,000 ($32.04) price objective on the stock. BNP Paribas’ price objective points to a potential downside of 11.43% from the stock’s previous close.
Carnival (LON:CCL) opened at 2114.00 on Wednesday. Carnival has a one year low of GBX 2017.00 and a one year high of GBX 2638.00. The stock has a 50-day moving average of GBX 2448. and a 200-day moving average of GBX 2363.. The company’s market cap is £16.384 billion.
CCL has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd downgraded shares of Carnival (LON:CCL) from an “add” rating to a “hold” rating in a research note to investors on Wednesday. They now have a GBX 2,250 ($36.04) price target on the stock. Separately, analysts at UBS AG cut their price target on shares of Carnival (LON:CCL) from GBX 2,400 ($38.44) to GBX 2,200 ($35.24) in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Finally, analysts at Morgan Stanley downgraded shares of Carnival (LON:CCL) from an “equal weight” rating to an “underweight” rating in a research note to investors on Wednesday. They now have a GBX 2,000 ($32.04) price target on the stock.
Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. Carnival presently has a consensus rating of “Hold” and a consensus price target of GBX 2,192.42 ($35.12).
Carnival plc is a cruise company. The Company’s cruise brand operates in two segments: North America and Europe, Australia & Asia (LON:CCL).
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