Barclays PLC reiterated their overweight rating on shares of Merlin Entertainments PLC (LON:MERL) in a report published on Wednesday, October 18th. The brokerage currently has a GBX 480 ($6.31) target price on the stock.
Several other research firms have also recently issued reports on MERL. HSBC Holdings plc reaffirmed a buy rating and issued a GBX 560 ($7.37) price target on shares of Merlin Entertainments PLC in a report on Wednesday, September 6th. Beaufort Securities reaffirmed a buy rating on shares of Merlin Entertainments PLC in a report on Monday, August 7th. Morgan Stanley reaffirmed an overweight rating and issued a GBX 580 ($7.63) price target on shares of Merlin Entertainments PLC in a report on Tuesday, September 5th. Peel Hunt raised shares of Merlin Entertainments PLC to a buy rating and upped their price target for the company from GBX 450 ($5.92) to GBX 530 ($6.97) in a report on Friday, August 4th. Finally, Liberum Capital reaffirmed a hold rating and issued a GBX 515 ($6.77) price target on shares of Merlin Entertainments PLC in a report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Merlin Entertainments PLC currently has a consensus rating of Buy and an average price target of GBX 495.57 ($6.52).
Merlin Entertainments PLC (LON:MERL) traded up GBX 2.70 ($0.04) on Wednesday, reaching GBX 380.50 ($5.00). 3,167,017 shares of the company traded hands, compared to its average volume of 5,350,000. Merlin Entertainments PLC has a 1 year low of GBX 355 ($4.67) and a 1 year high of GBX 537.50 ($7.07).
In other news, insider Anne-Francoise Nesmes purchased 5,500 shares of the stock in a transaction dated Thursday, October 19th. The stock was acquired at an average price of GBX 369 ($4.85) per share, for a total transaction of £20,295 ($26,693.41). Also, insider Ken J. Hydon purchased 30,000 shares of the stock in a transaction dated Monday, October 23rd. The shares were purchased at an average price of GBX 376 ($4.95) per share, with a total value of £112,800 ($148,362.49).
Merlin Entertainments PLC Company Profile
Merlin Entertainments plc is a United Kingdom-based entertainment company. The Company operates through three business segments: Midway Attractions, LEGOLAND Parks and Resort Theme Parks. Its products include Midway attractions, which are smaller, indoor attractions located in city centers or resorts, and Theme parks, which are larger multi-day destination venues, with on-site themed accommodation.
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