Merlin Entertainments PLC (MERL) Earns “Buy” Rating from Panmure Gordon
Merlin Entertainments PLC (LON:MERL)‘s stock had its “buy” rating reaffirmed by stock analysts at Panmure Gordon in a research report issued to clients and investors on Thursday. They currently have a GBX 515 ($6.72) target price on the stock. Panmure Gordon’s price objective would indicate a potential upside of 9.67% from the company’s current price.
Several other research analysts have also recently commented on the stock. Barclays PLC restated an “overweight” rating and set a GBX 520 ($6.79) target price on shares of Merlin Entertainments PLC in a report on Thursday, September 22nd. JPMorgan Chase & Co. reduced their target price on shares of Merlin Entertainments PLC from GBX 464 ($6.06) to GBX 450 ($5.87) and set a “neutral” rating for the company in a report on Friday, August 12th. Kepler Capital Markets increased their target price on shares of Merlin Entertainments PLC from GBX 420 ($5.48) to GBX 460 ($6.00) and gave the stock a “hold” rating in a report on Friday, July 29th. Finally, Beaufort Securities restated a “buy” rating on shares of Merlin Entertainments PLC in a report on Friday, July 29th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of GBX 476.30 ($6.22).
Merlin Entertainments PLC (LON:MERL) opened at 444.50 on Thursday. Merlin Entertainments PLC has a 12-month low of GBX 316.79 and a 12-month high of GBX 494.90. The company’s market cap is GBX 4.51 billion. The stock’s 50 day moving average is GBX 478.70 and its 200-day moving average is GBX 454.20.
The company also recently declared a dividend, which was paid on Monday, September 19th. Shareholders of record on Thursday, August 11th were paid a GBX 2.20 ($0.03) dividend. This represents a yield of 0.47%. The ex-dividend date of this dividend was Thursday, August 11th.
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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