Market Overview

Why Royal Caribbean, Norwegian Cruise Are Trading Lower Today

Why Royal Caribbean, Norwegian Cruise Are Trading Lower Today

Royal Caribbean Cruises (NYSE: RCL) and Norwegian Cruise Line (NASDAQ: NCLH) shares were trading lower on Wednesday after a sell-side downgrade. 

Barclays downgraded Norwegian Cruise Line’s stock from Overweight to Equal-Weight.

Barclays downgraded Royal Caribbean Cruises from Overweight to Equal-Weight and lowered its price target from $55 to $50.

Cruise liners have been hit hard by the coronavirus pandemic. 

The Cruise Lines International Association issued a statement last week announcing that its ocean-going cruise line members will voluntarily extend the suspension of cruise operations from U.S. ports until Sept. 15. 

Royal Caribbean Cruises shares were trading down 12.75% at $47.43 at the time of publication Wednesday. The stock has a 52-week high of $135.32 and a 52-week low of $19.25.

Norwegian Cruise Line shares were trading down 13.55% at $15.60. The stock has a 52-week high of $59.78 and a 52-week low of $7.03.

Related Links:

Here's How Long Carnival, Norwegian And Royal Caribbean Can Last Without Revenue

Carnival Shares Plunge Further As Cruise Line Guides To 2020 Loss, Announces Common Stock Offering

Latest Ratings for RCL

Jun 2020BarclaysDowngradesOverweightEqual-Weight
Jun 2020RedburnDowngradesBuyNeutral
Jun 2020StifelMaintainsBuy

View More Analyst Ratings for RCL
View the Latest Analyst Ratings


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TYGB of A SecuritiesUpgrades
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