HSBC Upgrades Carnival to Overweight (CCL)
Carnival (LON:CCL) was upgraded by equities researchers at HSBC from a “neutral” rating to an “overweight” rating in a research report issued on Thursday, AnalystRatings.Net reports. The firm currently has a GBX 43.50 ($0.71) price target on the stock, up from their previous price target of GBX 33 ($0.54). HSBC’s target price would suggest a potential downside of 98.28% from the company’s current price.
Shares of Carnival (LON:CCL) traded up 1.97% during mid-day trading on Thursday, hitting GBX 2535.00. 658,576 shares of the company’s stock traded hands. 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 2493. and its 200-day moving average is GBX 2346.31. The company’s market cap is £19.672 billion.
A number of other firms have also recently commented on CCL. Analysts at Numis Securities Ltd upgraded shares of Carnival to a “buy” rating in a research note to investors on Tuesday, January 28th. They now have a GBX 3,000 ($49.30) price target on the stock, up previously from GBX 2,250 ($36.98). Separately, analysts at Investec reiterated a “buy” rating on shares of Carnival in a research note to investors on Tuesday, January 28th. They now have a GBX 2,700 ($44.37) price target on the stock. Finally, 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 ($38.13) price target on the stock. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. Carnival presently has an average rating of “Hold” and a consensus target price of GBX 2,010.50 ($33.04).
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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