Credit Suisse Group Trims Carnival (CCL) Target Price to GBX 5,910

Carnival (LON:CCL) had its price target dropped by equities research analysts at Credit Suisse Group from GBX 5,920 ($82.57) to GBX 5,910 ($82.43) in a research report issued on Friday. The brokerage currently has an “outperform” rating on the stock. Credit Suisse Group’s price target points to a potential upside of 25.77% from the company’s current price.

Several other research analysts have also recently commented on the company. Morgan Stanley boosted their target price on Carnival from GBX 5,000 ($69.74) to GBX 5,100 ($71.13) and gave the stock an “equal weight” rating in a research note on Thursday, March 8th. Berenberg Bank lowered their target price on Carnival from GBX 5,300 ($73.92) to GBX 5,050 ($70.43) and set a “hold” rating for the company in a research note on Tuesday, April 3rd. Shore Capital reissued a “hold” rating on shares of Carnival in a research note on Friday, March 23rd. Finally, HSBC reissued a “buy” rating and set a GBX 5,500 ($76.71) target price on shares of Carnival in a research note on Friday, February 16th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 5,410 ($75.45).

CCL opened at GBX 4,699 ($65.54) on Friday. Carnival has a 12 month low of GBX 4,437 ($61.88) and a 12 month high of GBX 5,435 ($75.80).

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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