Shares of Carnival (LON:CCL) have been given an average rating of “Hold” by the seven brokerages that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is GBX 5,410 ($72.59).
A number of research firms have weighed in on CCL. Credit Suisse Group lowered their target price on Carnival from GBX 5,920 ($79.43) to GBX 5,910 ($79.30) and set an “outperform” rating for the company in a report on Friday, May 4th. HSBC restated a “buy” rating and set a GBX 5,500 ($73.80) target price on shares of Carnival in a report on Friday, February 16th. Shore Capital restated a “hold” rating on shares of Carnival in a report on Wednesday, March 14th. Morgan Stanley upped their target price on Carnival from GBX 5,000 ($67.09) to GBX 5,100 ($68.43) and gave the stock an “equal weight” rating in a report on Thursday, March 8th. Finally, Berenberg Bank lowered their target price on Carnival from GBX 5,300 ($71.11) to GBX 5,050 ($67.76) and set a “hold” rating for the company in a report on Tuesday, April 3rd.
Carnival traded down GBX 4 ($0.05), reaching GBX 4,949 ($66.40), during mid-day trading on Thursday, MarketBeat reports. 586,172 shares of the company were exchanged, compared to its average volume of 778,140. Carnival has a 12-month low of GBX 4,437 ($59.53) and a 12-month high of GBX 5,435 ($72.92).
The firm also recently declared a dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, May 24th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, May 24th. This is an increase from Carnival’s previous dividend of $0.45. This represents a dividend yield of 0.78%.
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.
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