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Carnival Corp (NYSE:CCL) target price raised to $60.00, issued a report today by HSBC

Carnival Corp (NYSE:CCL) had its target price raised to $60.00 by HSBC in a report released 10/3/2016. The new target price indicates a possible upside of 0.23% based on the company's last closing price.

Previously on Thursday September 29, 2016, Deutsche Bank AG reported on Carnival Corp (NYSE:CCL) increased the target price from $0.00 to $48.00. At the time, this indicated a possible downside of -0.02%.

Yesterday Carnival Corp (NYSE:CCL) traded 1.15% higher at $48.82. The company’s 50-day moving average is $46.74 and its two hundred day average is $47.81. With the last stock price close up 3.29% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Trading volume was down over the average, with 959,611 shares of CCL changing hands under the typical 4,825,030

Recent Performance Chart

Carnival Corp (NYSE:CCL)

Carnival Corp has 52 week low of $40.52 and a 52 week high of $55.77 with a PE ratio of 15.35 and has a market capitalization of $0.

In addition to HSBC reporting its stock price target, a total of 16 brokerages have issued a research note on the company. The average stock price target is $60.06 with 5 brokerages rating the stock a strong buy, 8 brokerages rating the stock a buy, 10 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Carnival Corp (NYSE:CCL)

Carnival Corporation is a leisure travel company. The Company is a cruise company and provides vacations to cruise destinations throughout the world. The Company aggregates its approximately nine global, regional and national cruise brands into North America, and Europe, Australia & Asia (EAA) segments. The North America segment includes Carnival Cruise Line, Princess Cruises (Princess), Holland America Line and Seabourn cruise brands. The EAA segment includes Costa Cruises, AIDA Cruises, P&O Cruises (UK), P&O Cruises (Australia) and Cunard cruise brands. The Company's Cruise Support segment includes its cruise port and related facilities located in Cozumel, Mexico; Grand Turk, Turks and Caicos Islands; Puerto Plata, Dominican Republic, and Roatan, Honduras. The Tour and Other segment includes Holland America Princess Alaska Tours, a tour company in Alaska and the Canadian Yukon, and approximately three cruise ships.

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