Shares in Carnival (CCL.L) have fallen notably from recent highs of 4151p. Will the trend prevail, or is this an opportunity for you to pick up a bargain?

• Currently at 1641p (at time of writing). A move up to highs would represent a rise of 153%.
• These share are amongst the biggest fallers in the period.
• Is the move unfinished, or are we about to see a bounce?
• The market has been known to over-react to bad news. Investors should consider whether these falls are justified, or is this an over-reaction?
• Shares -61% from 12-month highs; +-1% from 12 month lows.

Latest News

02 Mar:  UBS reiterates its neutral rating on Carnival (CCL) and reduced the target price to 2400p (from 3700p).

12 Feb:  Carnival, the cruise line operator, cautioned that the developing coronavirus situation would have a significant impact on its earnings that was not foreseen in its previous guidance for the current year.

17 Jan:  Berenberg reiterates its sell rating on Carnival (CCL) and increased the target price to 3200p (from 3100p).

30 Dec:  Barclays Capital reiterates its equal weight rating on Carnival (CCL) and increased the target price to 4040p (from 3800p).

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).

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

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