Beaufort Securities Reaffirms “Buy” Rating for Merlin Entertainments PLC (MERL)
Merlin Entertainments PLC (LON:MERL)‘s stock had its “buy” rating reissued by investment analysts at Beaufort Securities in a research report issued on Friday.
A number of other equities research analysts have also recently weighed in on MERL. Barclays PLC reaffirmed an “overweight” rating and set a GBX 500 ($6.53) price target on shares of Merlin Entertainments PLC in a report on Thursday, June 2nd. Kepler Capital Markets lifted their price target on 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. JPMorgan Chase & Co. raised Merlin Entertainments PLC to a “neutral” rating and lifted their price target for the company from GBX 440 ($5.74) to GBX 464 ($6.06) in a report on Wednesday, June 29th. Finally, Panmure Gordon reissued a “buy” rating and set a GBX 515 ($6.72) target price on shares of Merlin Entertainments PLC in a report on Thursday. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Merlin Entertainments PLC presently 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 434.30 on Friday. The stock’s 50 day moving average price is GBX 477.69 and its 200 day moving average price is GBX 453.92. The firm’s market cap is GBX 4.40 billion. Merlin Entertainments PLC has a 12-month low of GBX 316.79 and a 12-month high of GBX 494.90.
The business also recently declared a dividend, which was paid on Monday, September 19th. Shareholders of record on Thursday, August 11th were issued a GBX 2.20 ($0.03) dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a dividend yield of 0.47%.
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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