Royal Caribbean continues growth with strong earnings and resort stake acquisition
RCL Royal Caribbean Group
$339.85 +0.85%
View chart & analysis → - 1Royal Caribbean acquired a 50% stake in Sandals & Beaches All-Inclusive Resorts one month ago.
- 2Royal Caribbean announced financial results last week, recording a 10% stock price increase this year.
- 3A price-to-earnings multiple of 15 times against Royal Caribbean's next year profit target is an attractive level.
So what's the key point?
Royal Caribbean acquired half of a resort stake and announced strong earnings. The stock price is at a level of 15 times based on next year's profit, which is attractive.
Source The Motley Fool +1 · View original ↗
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