Carnival (CCL.L) 11-03-20
Shares in Carnival (CCL.L) have fallen notably from recent highs of 4151p. Will the trend prevail, or is this an opportunity for you to pick up a bargain?
- Currently at 1641p (at time of writing). A move up to highs would represent a rise of 153%.
- These share are amongst the biggest fallers in the period.
- Is the move unfinished, or are we about to see a bounce?
- The market has been known to over-react to bad news. Investors should consider whether these falls are justified, or is this an over-reaction?
- Shares -61% from 12-month highs; +-1% from 12 month lows.
02 Mar: UBS reiterates its neutral rating on Carnival (CCL) and reduced the target price to 2400p (from 3700p).
12 Feb: Carnival, the cruise line operator, cautioned that the developing coronavirus situation would have a significant impact on its earnings that was not foreseen in its previous guidance for the current year.
17 Jan: Berenberg reiterates its sell rating on Carnival (CCL) and increased the target price to 3200p (from 3100p).
30 Dec: Barclays Capital reiterates its equal weight rating on Carnival (CCL) and increased the target price to 4040p (from 3800p).
01 Oct: Barclays Capital has downgraded its rating on Carnival (CCL) to equal weight (from equal weight) and reduced the target price to 3800p (from 4330p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires