Carnival plc 7.5% potential upside indicated by Berenberg Bank

Carnival plc with ticker (LON:CCL) now has a potential upside of 7.5% according to Berenberg Bank.



Berenberg Bank set a target price of 1,600 GBX for the company, which when compared to the Carnival plc share price of 1,480 GBX at opening today (27/10/2021) indicates a potential upside of 7.5%. Trading has ranged between 803 (52 week low) and 1,890 (52 week high) with an average of 1,301,218 shares exchanging hands daily. The market capitalisation at the time of writing is £18,321,652,426.

Carnival PLC is a leisure travel company. The Company provides vacations to various cruise destinations throughout the world. It operates across North America, Australia, Europe and Asia. Its segments include North America and Australia (NAA) Segment, Europe and Asia (EA) Segment and Cruise Support segment. The NAA segment includes various brands, such as Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia) and Seabourn. The EA segment includes the Costa Cruises (Costa), AIDA Cruises (AIDA), P&O Cruises (UK) and Cunard brands. Its Cruise Support segment includes its portfolio of port destinations and other services, all of which are operated for the benefit of its cruise brands. The Company also owns Holland America Princess Alaska Tours, a tour company in Alaska and the Canadian Yukon, which complements its Alaska cruise operations. This tour company and cruise ships, which it charter-out under long-term leases, comprise its Tour and Other segment.