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Carnival (LON:CCL) was upgraded by research analysts at Numis Securities Ltd to a “buy” rating in a report released on Tuesday, American Banking News reports. The firm currently has a GBX 3,000 ($49.43) target price on the stock, up from their previous target price of GBX 2,250 ($37.07). Numis Securities Ltd’s price objective indicates a potential upside of 17.74% from the company’s current price.

Shares of Carnival (LON:CCL) traded up 2.82% during mid-day trading on Tuesday, hitting GBX 2548.00. The stock had a trading volume of 1,304,019 shares. Carnival has a 52 week low of GBX 2017.00 and a 52 week high of GBX 2630.00. The stock’s 50-day moving average is GBX 2431.62 and its 200-day moving average is GBX 2345.84. The company’s market cap is £19.772 billion.

A number of other analysts have also recently weighed in on CCL. Analysts at Investec reiterated a “buy” rating on shares of Carnival in a research note to investors on Tuesday. They now have a GBX 2,700 ($44.49) price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Carnival in a research note to investors on Thursday, January 9th. They now have a GBX 2,320 ($38.23) price target on the stock. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 2,199.46 ($36.24).

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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