Berenberg Bank Reaffirms “Buy” Rating for Carnival (CCL)

Berenberg Bank restated their buy rating on shares of Carnival (LON:CCL) in a research report report published on Tuesday. The brokerage currently has a GBX 5,300 ($69.25) target price on the stock.

CCL has been the topic of several other reports. UBS Group upped their target price on shares of Carnival from GBX 5,550 ($72.52) to GBX 5,750 ($75.13) and gave the stock a buy rating in a research note on Monday, October 1st. Credit Suisse Group cut their target price on shares of Carnival from GBX 5,910 ($77.22) to GBX 5,700 ($74.48) and set an outperform rating on the stock in a research note on Thursday, August 23rd. Barclays raised shares of Carnival to an overweight rating and increased their price objective for the company from GBX 5,300 ($69.25) to GBX 5,320 ($69.52) in a research report on Tuesday, October 2nd. Finally, Shore Capital reissued a hold rating on shares of Carnival in a research report on Tuesday, June 26th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of GBX 5,445 ($71.15).

Shares of CCL opened at GBX 4,325 ($56.51) on Tuesday. Carnival has a fifty-two week low of GBX 4,437 ($57.98) and a fifty-two week high of GBX 5,435 ($71.02).

The company also recently disclosed a dividend, which will be paid on Friday, December 14th. Shareholders of record on Thursday, November 22nd will be given a $0.50 dividend. This represents a dividend yield of 0.87%. The ex-dividend date is Thursday, November 22nd.

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.

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Analyst Recommendations for Carnival (LON:CCL)

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