Carnival (LON:CCL) Downgraded by Barclays

Barclays lowered shares of Carnival (LON:CCL) to an equal weight rating in a report released on Monday, Digital Look reports. The brokerage currently has GBX 4,330 ($56.58) price target on the stock, down from their prior price target of GBX 5,235 ($68.40).

A number of other equities analysts have also recently weighed in on CCL. UBS Group reissued a buy rating and issued a GBX 5,500 ($71.87) price objective (down from GBX 6,000 ($78.40)) on shares of Carnival in a research report on Wednesday, March 27th. Shore Capital reissued a buy rating on shares of Carnival in a research report on Friday, June 21st. HSBC upped their price objective on shares of Carnival from GBX 5,200 ($67.95) to GBX 5,300 ($69.25) and gave the company a buy rating in a research report on Monday, June 17th. Finally, Berenberg Bank reduced their price target on shares of Carnival from GBX 5,000 ($65.33) to GBX 4,600 ($60.11) and set a buy rating on the stock in a research report on Wednesday, April 3rd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Carnival currently has a consensus rating of Buy and an average price target of GBX 5,086 ($66.46).

LON:CCL opened at GBX 3,475 ($45.41) on Monday. The company has a current ratio of 0.27, a quick ratio of 0.16 and a debt-to-equity ratio of 46.35. The firm has a 50-day moving average price of GBX 3,898.78. The stock has a market cap of $5.69 billion and a PE ratio of 8.14. Carnival has a 1-year low of GBX 3,394 ($44.35) and a 1-year high of GBX 5,030 ($65.73).

The business also recently declared a dividend, which was paid on Friday, June 14th. Stockholders of record on Thursday, May 23rd were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a dividend yield of 0.95%. Carnival’s payout ratio is 0.37%.

Carnival Company Profile

Carnival plc operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.

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Analyst Recommendations for Carnival (LON:CCL)

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