Carnival Rating Lowered to Underperform at Jefferies Group (CCL)

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Carnival (LON:CCL) was downgraded by analysts at Jefferies Group to an “underperform” rating in a research report issued to clients and investors on Tuesday, AnalystRatingsNetwork reports. They currently have a GBX 2,050 ($33.63) target price on the stock, up from their previous target price of GBX 2,000 ($32.81). Jefferies Group’s target price would suggest a potential downside of 19.20% from the stock’s previous close.

Shares of Carnival (LON:CCL) opened at 2560.00 on Tuesday. Carnival has a one year low of GBX 2017.00 and a one year high of GBX 2630.00. The stock has a 50-day moving average of GBX 2513.58 and a 200-day moving average of GBX 2347.09. The company’s market cap is £19.866 billion.

A number of other firms have also recently commented on CCL. Analysts at Deutsche Bank raised their price target on shares of Carnival from GBX 2,640 ($43.31) to GBX 2,830 ($46.43) in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at HSBC upgraded shares of Carnival from a “neutral” rating to an “overweight” rating in a research note on Thursday, February 6th. They now have a GBX 43.50 ($0.71) price target on the stock, up previously from GBX 33 ($0.54). Finally, analysts at Numis Securities Ltd upgraded shares of Carnival to a “buy” rating in a research note on Tuesday, January 28th. They now have a GBX 3,000 ($49.22) price target on the stock, up previously from GBX 2,250 ($36.92). Five investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. Carnival currently has an average rating of “Hold” and an average target price of GBX 2,028.96 ($33.29).

Carnival plc is a cruise company. The Company’s cruise brand operates in two segments: North America and Europe, Australia & Asia (LON:CCL).

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