Breaking Finance News

Royal Caribbean Cruises Ltd. (NYSE:RCL) has been downgraded from Buy to Hold in a report by Berenberg Bank today.

Just yesterday Royal Caribbean Cruises Ltd. (NYSE:RCL) traded -0.34% lower at $123.34. Royal Caribbean Cruises Ltd.’s 50-day moving average is $120.86 and its 200-day moving average is $112.95. The last stock price is up 6.87% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.02% over the same time period. 1,898,703 shares of RCL traded hands, up from an average trading volume of 1,731,600

Berenberg Bank has downgraded Royal Caribbean Cruises Ltd. (NYSE:RCL) from Buy to Hold in a report released on 11/14/2017.

Previously on 8/2/2017, UBS released a statement about Royal Caribbean Cruises Ltd. (NYSE:RCL) increased the target price from $112.00 to $131.00. At the time, this indicated a possible upside of 0.12%.

Recent Performance Chart

Royal Caribbean Cruises Ltd. (NYSE:RCL)

Royal Caribbean Cruises Ltd. has 52 week low of $67.53 and a 52 week high of $128.09 with a PE ratio of 16.93 and has a market capitalization of $0.

In addition to Berenberg Bank reporting its stock price target, a total of 18 brokerages have issued a ratings update on the company. The average stock price target is $97.83 with 10 brokerages rating the stock a strong buy, 10 brokerages rating the stock a buy, 5 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 Royal Caribbean Cruises Ltd. (NYSE:RCL)

Royal Caribbean Cruises Ltd. is a cruise company. The Company owns and operates three global cruise brands: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises (Global Brands). The Company also own joint venture interest in the German brand TUI Cruises, interest in the Spanish brand Pullmantur and interest in the Chinese brand SkySea Cruises (collectively, Partner Brands). Together, its Global Brands and its Partner Brands operate a combined total of 49 ships in the cruise vacation industry with an aggregate capacity of approximately 123,270 berths as of December 31, 2016. As of December 31, 2016, the Company's ships offer a selection of itineraries that call on approximately 535 destinations in 105 countries, covering all seven continents. Royal Caribbean International offers a range of itineraries to the destinations, including Alaska, Asia, Australia, Canada, the Caribbean, the Panama Canal and New Zealand with cruise lengths that range from 2 to 24 nights.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *