Carnival (CCL) Price Target Lowered to GBX 5,050 at Berenberg Bank

Carnival (LON:CCL) had its price objective reduced by equities researchers at Berenberg Bank from GBX 5,300 ($75.89) to GBX 5,050 ($72.31) in a research report issued to clients and investors on Tuesday, April 3rd. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 11.36% from the company’s current price.

Several other equities research analysts have also recently issued reports on CCL. Morgan Stanley raised Carnival to an “equal weight” rating and raised their target price for the stock from GBX 4,700 ($67.30) to GBX 5,100 ($73.02) in a research note on Wednesday, December 6th. HSBC reaffirmed a “buy” rating and issued a GBX 5,500 ($78.75) price objective on shares of Carnival in a research note on Friday, February 16th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Carnival in a research note on Wednesday, March 14th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Carnival presently has a consensus rating of “Hold” and an average price target of GBX 5,411.67 ($77.49).

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LON:CCL opened at GBX 4,535 ($64.93) on Tuesday. Carnival has a one year low of GBX 4,437 ($63.53) and a one year high of GBX 5,435 ($77.82).

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About Carnival

Carnival plc operates as a leisure travel and cruise company. It offers cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, and Seabourn brands in North America; and Costa, AIDA, P&O Cruises (UK), Cunard, and P&O Cruises (Australia) brands in Europe, Australia, and Asia.

Analyst Recommendations for Carnival (LON:CCL)

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