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

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