Could Carnival plc Go Down After Reaching 52-Week High?

 Could Carnival plc Go Down After Reaching 52 Week High?

The stock of Carnival plc (LON:CCL) hit a new 52-week high and has GBX 5932.07 target or 52.00% above today’s GBX 3902.68 share price. The 5 months bullish chart indicates low risk for the GBX 28.49 billion company. The 1-year high was reported on Nov, 11 by Barchart.com. If the GBX 5932.07 price target is reached, the company will be worth GBX 14.81 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 1.02% or GBX 40.32 on November 11, hitting GBX 3902.68. About 596,326 shares traded hands. Carnival plc (LON:CCL) has risen 5.03% since April 14, 2016 and is uptrending. It has underperformed by 1.11% the S&P500.

Carnival plc (LON:CCL) Ratings Coverage

Out of 11 analysts covering Carnival PLC (LON:CCL), 6 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 55% are positive. Carnival PLC has been the topic of 45 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Tuesday, September 27 by Numis Securities. Morgan Stanley maintained the shares of CCL in a report on Wednesday, May 25 with “Equal Weight” rating. The rating was maintained by Numis Securities on Thursday, March 31 with “Hold”. The stock of Carnival plc (LON:CCL) has “Hold” rating given on Friday, September 25 by Jefferies. Deutsche Bank maintained it with “Buy” rating and GBX 3650 target price in Thursday, September 17 report. Credit Suisse maintained it with “Outperform” rating and GBX 4553 target price in Friday, October 7 report. The stock of Carnival plc (LON:CCL) has “Equal Weight” rating given on Thursday, September 24 by Barclays Capital. Barclays Capital maintained the stock with “Equal Weight” rating in Thursday, June 30 report. Barclays Capital maintained it with “Equalweight” rating and GBX 3045 target price in Friday, September 18 report. Jefferies maintained it with “Hold” rating and GBX 3100 target price in Thursday, September 17 report.

More notable recent Carnival plc (LON:CCL) news were published by: Prnewswire.com which released: “Carnival Corporation to Build Three New LNG-Powered Cruise Ships with Meyer …” on September 06, 2016, also Prnewswire.com with their article: “Carnival Corporation & plc Names Helen Deeble to Board of Directors, Announces …” published on July 14, 2016, Prnewswire.com published: “Carnival Corporation & plc Reports Record Third Quarter Earnings” on September 26, 2016. More interesting news about Carnival plc (LON:CCL) were released by: Prnewswire.com and their article: “Carnival Corporation and Port Everglades Extend Landmark Agreement to 2030” published on August 16, 2016 as well as Businesswire.com‘s news article titled: “Carnival Corporation CEO Arnold Donald to Make Opening CES Keynote” with publication date: November 10, 2016.

Carnival plc is a leisure travel company. The company has a market cap of 28.49 billion GBP. The Company’s divisions include North America, and Europe, and Australia & Asia . It has a 15.01 P/E ratio. The Company’s North America segment includes Carnival Cruise Lines, Princess Cruises (Princess), Holland America Line and Seabourn.

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