Analyst Price Target Update on Royal Caribbean Cruises Ltd. (NYSE:RCL)

Royal Caribbean Cruises Ltd. (NYSE:RCL) stock has received a short term price target of $ 98.11 from 9 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $11.61. The higher estimate of target price is $119 , while the lower price target estimate is $80

Many analysts have stated their opinion on the company shares. Sterne Agee CRT initiates coverage on Royal Caribbean Cruises Ltd. (NYSE:RCL) . The global brokerage major announces a current price target of $83 per share. Analysts at the Sterne Agee CRT have a current rating of Neutral on the shares. The rating by the firm was issued on June 7, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Ofer Eyal, director of Royal Caribbean Cruises Ltd, had unloaded 112,980 shares at an average price of $98 in a transaction dated on November 10, 2015. The total value of the transaction was worth $11,072,040.

Royal Caribbean Cruises Ltd. (NYSE:RCL) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.05 points or 1.42% at $72.88 with 1,642,047 shares getting traded. Post opening the session at $73.19, the shares hit an intraday low of $72.82 and an intraday high of $74.25 and the price was in this range throughout the day. The company has a market cap of $15,687 million and the number of outstanding shares have been calculated to be 215,241,400 shares. The 52-week high of Royal Caribbean Cruises Ltd. (NYSE:RCL) is $103.4 and the 52-week low is $64.21.

Royal Caribbean Cruises Ltd. (Royal Caribbean) is a cruise company. The Company owns various brands, such as Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisieres de France and a 50% joint venture interest in TUI Cruises. Together, these six brands operate a combined 43 ships in the cruise vacation industry with an aggregate capacity of approximately 105,750 berths. The Companys ships operate on a selection of itineraries that call on approximately 480 destinations on all seven continents. Royal Caribbean International offers a variety of itineraries, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, South America and New Zealand. Celebrity Cruises offers a variety of itineraries, including Alaska, Asia, Australia, Bermuda, Canada, the Caribbean, Europe, Hawaii, New Zealand, the Panama Canal and South America.

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