Carnival plc (LON:CCL) traded down 3% during mid-day trading on Wednesday . The company traded as low as GBX 4,858 ($65.06) and last traded at GBX 4,859 ($65.07). 605,772 shares changed hands during trading, a decline of 11% from the average session volume of 677,552 shares. The stock had previously closed at GBX 5,010 ($67.10).
Separately, Berenberg Bank boosted their price objective on shares of Carnival from GBX 4,300 ($57.59) to GBX 5,300 ($70.98) and gave the company a “hold” rating in a research report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of GBX 5,070 ($67.90).
The business also recently declared a dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 23rd will be paid a $0.45 dividend. This represents a yield of 0.69%. This is an increase from Carnival’s previous dividend of $0.40. The ex-dividend date is Thursday, November 23rd.
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Carnival plc is a leisure travel company. The Company’s segments include North America, and Europe, Australia & Asia (EAA). Its North America segment includes Carnival Cruise Line, Princess Cruises (Princess), Holland America Line and Seabourn. Its EAA segment includes Costa Cruises (Costa), AIDA Cruises (AIDA), P&O Cruises (the United Kingdom), P&O Cruises (Australia) and Cunard.
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