Why Carnival Stock Was Cruising This Week
Winter isn't the time to hop on a sea cruise, but many are snapping up shares of cruise operator (NYSE: CCL)(NYSE: CUK). The more popular of the company's two listed stocks was gliding along with a nearly 14% rise in price week to date as of early Friday morning, according to data compiled by S&P Global Market Intelligence. Good recent news and an analyst price target bump helped keep the shares buoyant.
A general rise in travel, even in the usually quieter months after the crucial summer period, is a trend benefiting many companies in the industry. In many respects, technology has made travel easier than ever, and with a still-humming economy, folks have the financial means to take vacations.
The cruise season is over, but those coming up might be very busy indeed for Carnival. On Friday afternoon, the company announced that its high-end Cunard line received its highest-ever number of bookings in the latest Black Friday stretch. No doubt triumphantly, Carnival said it was experiencing "strong booking momentum" for sailings both next year and in 2025.
Source Fool.com
Carnival plc Stock
The community is currently still undecided about Carnival plc with 1 Buy predictions and 0 Sell predictions.
On the other hand, the target price of 13 € is below the current price of 13.38 € for Carnival plc, so the potential is actually -2.8%.
