Barclays PLC Reiterates “Overweight” Rating for Merlin Entertainments PLC (MERL)
Merlin Entertainments PLC (LON:MERL)‘s stock had its “overweight” rating restated by Barclays PLC in a report issued on Friday. They currently have a GBX 520 ($6.79) target price on the stock. Barclays PLC’s price target indicates a potential upside of 17.62% from the stock’s current price.
Several other research firms have also issued reports on MERL. JPMorgan Chase & Co. dropped their target price on shares of Merlin Entertainments PLC from GBX 464 ($6.06) to GBX 450 ($5.87) and set a “neutral” rating on the stock in a report on Friday, August 12th. Panmure Gordon restated a “buy” rating and issued a GBX 515 ($6.72) target price on shares of Merlin Entertainments PLC in a report on Wednesday, July 13th. Kepler Capital Markets boosted their target price on shares of Merlin Entertainments PLC from GBX 420 ($5.48) to GBX 460 ($6.00) and gave the company a “hold” rating in a report on Friday, July 29th. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of Merlin Entertainments PLC in a research note on Friday, July 29th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Merlin Entertainments PLC has an average rating of “Buy” and an average target price of GBX 474.30 ($6.19).
Shares of Merlin Entertainments PLC (LON:MERL) opened at 442.10 on Friday. Merlin Entertainments PLC has a 52 week low of GBX 316.79 and a 52 week high of GBX 494.90. The company has a 50-day moving average of GBX 477.69 and a 200 day moving average of GBX 453.92. The firm’s market capitalization is GBX 4.48 billion.
The company also recently disclosed a dividend, which was paid on Monday, September 19th. Shareholders of record on Thursday, August 11th were given a GBX 2.20 ($0.03) dividend. This represents a yield of 0.47%. The ex-dividend date was Thursday, August 11th.
About Merlin Entertainments PLC
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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