The stock of Carnival plc (LON:CCL) reached all time high today, Nov, 17 and still has GBX 6439.42 target or 60.00% above today’s GBX 4024.64 share price. This indicates more upside for the GBX 29.82 billion company. This technical setup was reported by Barchart.com. If the GBX 6439.42 PT is reached, the company will be worth GBX 17.89 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 1.74% or GBX 68.64 on November 17, hitting GBX 4024.64. About 853,045 shares traded hands or 21.78% up from the average. Carnival plc (LON:CCL) has risen 13.06% since April 21, 2016 and is uptrending. It has outperformed by 8.44% 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. GBX 4553 is the highest target while GBX 3 is the lowest. The GBX 3979.36 average target is -1.13% below today’s (GBX 4024.64) stock price. Carnival PLC has been the topic of 45 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Morgan Stanley maintained Carnival plc (LON:CCL) on Thursday, August 6 with “Equal-Weight” rating. As per Wednesday, September 28, the company rating was maintained by Berenberg. The stock of Carnival plc (LON:CCL) has “Buy” rating given on Wednesday, November 25 by HSBC. On Monday, June 6 the stock rating was maintained by Berenberg with “Buy”. The company was downgraded on Tuesday, December 8 by Nomura. The company was maintained on Thursday, September 17 by Jefferies. The stock of Carnival plc (LON:CCL) earned “Equal Weight” rating by Barclays Capital on Friday, January 22. Barclays Capital maintained the shares of CCL in a report on Friday, September 18 with “Equalweight” rating. The rating was maintained by Berenberg with “Buy” on Wednesday, May 25. Deutsche Bank maintained the shares of CCL in a report on Wednesday, August 5 with “Buy” rating.
More important 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 published article titled: “Carnival Corporation & plc Reports Record Third Quarter Earnings”, Prnewswire.com published: “Carnival Corporation & plc Names Helen Deeble to Board of Directors, Announces …” on July 14, 2016. More interesting news about Carnival plc (LON:CCL) was released by: Businesswire.com and their article: “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 29.82 billion GBP. The Company’s divisions include North America, and Europe, and Australia & Asia . It has a 15.36 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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