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Home / Stocks and Markets at Lows / Carnival (CCL.L) 22-11-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Carnival (CCL.L) 22-11-19

Shares in Carnival (CCL.L) have fallen dramatically from recent highs of 4430.0p. Will it continue, or is this an opportunity to pick up a bargain?

 

  • This stock is one of the more significant fallers in the period.
  • Bargain hunters should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
  • Is the trend your friend, or is a bounce imminent?
  • The market often over-reacts to bad news. Traders should consider whether it is down for good reason, or is this another over-reaction?
  • Now trading at 3131p (at time of writing). A return to previous highs would represent a rise of 41%.
  • Shares -32% from 12-month highs; +2% from 12 month lows.

Latest News

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).

30 Sep:  UBS has downgraded its rating on Carnival (CCL) to neutral (from buy) and reduced the target price to 3600p  (from 4700p).

02 Jul:  Berenberg has downgraded its rating on Carnival (CCL) to hold (from buy) and reduced the target price to 3800p  (from 4600p).

28 Jun:  UBS reiterates its buy rating on Carnival (CCL) and reduced the target price to 4700p (from 5500p).

24 Jun:  Barclays Capital has downgraded its rating on Carnival (CCL) to equal weight (from overweight) and reduced the target price to 4330p  (from 5235p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


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