Carnival (LON:CCL) Price Target Lowered to GBX 5,910 at Credit Suisse Group

Carnival (LON:CCL) had its price target reduced by Credit Suisse Group from GBX 5,920 ($80.30) to GBX 5,910 ($80.17) in a research report sent to investors on Friday, May 4th. Credit Suisse Group currently has an outperform rating on the stock.

Other equities analysts have also recently issued reports about the company. Berenberg Bank decreased their target price on Carnival from GBX 5,300 ($71.89) to GBX 5,050 ($68.50) and set a hold rating on the stock in a report on Tuesday, April 3rd. Morgan Stanley lifted their price target on Carnival from GBX 5,000 ($67.82) to GBX 5,100 ($69.18) and gave the company an equal weight rating in a report on Thursday, March 8th. HSBC reiterated a buy rating and set a GBX 5,500 ($74.61) price target on shares of Carnival in a report on Friday, February 16th. Finally, Shore Capital restated a hold rating on shares of Carnival in a research note on Friday, March 23rd. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of GBX 5,410 ($73.39).

Shares of Carnival opened at GBX 4,875 ($66.13) on Friday, reports. Carnival has a 1-year low of GBX 4,437 ($60.19) and a 1-year high of GBX 5,435 ($73.72).

The business also recently disclosed a dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, May 24th will be paid a $0.50 dividend. This is a positive change from Carnival’s previous dividend of $0.45. This represents a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, May 24th.

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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