Carnival plc Coverage Initiated by Analysts at Berenberg Bank (CCL)
Analysts at Berenberg Bank began coverage on shares of Carnival plc (LON:CCL) in a research report issued to clients and investors on Tuesday, American Banking and Market News reports. The firm set a “buy” rating and a GBX 3,000 ($50.40) price target on the stock. Berenberg Bank’s price objective suggests a potential upside of 26.58% from the stock’s previous close.
CCL has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Carnival plc in a research note on Friday. They now have a GBX 2,550 ($42.84) price target on the stock. Separately, analysts at Jefferies Group reiterated an “underperform” rating on shares of Carnival plc in a research note on Friday, April 4th. They now have a GBX 2,050 ($34.44) price target on the stock. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 2,066.18 ($34.71).
Shares of Carnival plc (LON:CCL) traded up 3.18% on Tuesday, hitting GBX 2370.00. 700,672 shares of the company’s stock traded hands. Carnival plc has a 1-year low of GBX 2017.00 and a 1-year high of GBX 2615.00. The stock has a 50-day moving average of GBX 2326.62 and a 200-day moving average of GBX 2349.34. The company’s market cap is £18.415 billion.
Carnival plc, is a cruise company. It operates in two segments: North America and Europe, Australia & Asia (LON:CCL).
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