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Royal Caribbean (NYSE:RCL) has been downgraded from Buy to Hold in a statement by Berenberg earlier today.

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

On 8/2/2017, UBS released a statement for Royal Caribbean (NYSE:RCL) bumped up the target price from $112.00 to $131.00 that suggested an upside of 0.12%.

Boasting a price of $123.77, Royal Caribbean (NYSE:RCL) traded -0.34% lower on the day. With the last stock price close up 6.87% from the two hundred day average, compared with the S&P 500 Index which has increased 0.02% over the date range. Royal Caribbean has recorded a 50-day average of $120.86 and a two hundred day average of $112.95. Volume of trade was up over the average, with 1,898,703 shares of RCL changing hands over the typical 1,731,600

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Royal Caribbean (NYSE:RCL)

Royal Caribbean has a 52 week low of $67.53 and a 52 week high of $128.09 with a P/E ratio of 16.93 The company’s market cap is currently $0.

In addition to Berenberg reporting its target price, a total of 18 firms have reported on the stock. The consensus target price is $97.83 with 10 firms rating the stock a strong buy, 10 firms rating the stock a buy, 5 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Royal Caribbean (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.

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