Peel Hunt reaffirmed their buy rating on shares of Merlin Entertainments PLC (LON:MERL) in a research note issued to investors on Tuesday, October 17th. They currently have a GBX 530 ($6.97) price target on the stock.
Several other brokerages have also issued reports on MERL. Beaufort Securities reiterated a buy rating on shares of Merlin Entertainments PLC in a research report on Monday, August 7th. Liberum Capital began coverage on shares of Merlin Entertainments PLC in a research note on Wednesday, July 5th. They issued a hold rating and a GBX 515 ($6.77) price target for the company. Barclays PLC restated an overweight rating and issued a GBX 575 ($7.56) price objective on shares of Merlin Entertainments PLC in a report on Thursday, July 13th. Berenberg Bank reiterated a sell rating and set a GBX 375 ($4.93) price target on shares of Merlin Entertainments PLC in a report on Wednesday, August 9th. Finally, HSBC Holdings plc reiterated a buy rating and set a GBX 560 ($7.37) price target on shares of Merlin Entertainments PLC in a report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. The company has an average rating of Buy and a consensus target price of GBX 495.57 ($6.52).
Shares of Merlin Entertainments PLC (LON MERL) traded up GBX 2.70 ($0.04) during trading hours on Tuesday, hitting GBX 380.50 ($5.00). 3,167,017 shares of the stock traded hands, compared to its average volume of 5,350,000. Merlin Entertainments PLC has a 52-week low of GBX 355 ($4.67) and a 52-week high of GBX 537.50 ($7.07).
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In other news, insider Ken J. Hydon purchased 30,000 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The stock was purchased at an average cost of GBX 376 ($4.95) per share, with a total value of £112,800 ($148,362.49). Also, insider Anne-Francoise Nesmes purchased 5,500 shares of the company’s stock in a transaction that occurred on Thursday, October 19th. The shares were purchased at an average cost of GBX 369 ($4.85) per share, with a total value of £20,295 ($26,693.41).
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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