Merlin Entertainments PLC (MERL) Receives New Coverage from Analysts at HSBC
Stock analysts at HSBC began coverage on shares of Merlin Entertainments PLC (LON:MERL) in a note issued to investors on Monday. The brokerage set a “buy” rating and a GBX 530 ($6.92) price target on the stock. HSBC’s price target indicates a potential upside of 20.56% from the stock’s current price.
MERL has been the topic of several other research reports. Beaufort Securities restated a “buy” rating on shares of Merlin Entertainments PLC in a report on Friday, July 29th. Barclays PLC restated an “overweight” rating and set a GBX 520 ($6.79) price objective on shares of Merlin Entertainments PLC in a report on Friday, September 9th. JPMorgan Chase & Co. cut their price objective on shares of Merlin Entertainments PLC from GBX 450 ($5.87) to GBX 430 ($5.61) and set a “neutral” rating on the stock in a report on Friday. Panmure Gordon restated a “buy” rating and set a GBX 515 ($6.72) price objective on shares of Merlin Entertainments PLC in a report on Thursday. Finally, Kepler Capital Markets upped their price objective 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. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Merlin Entertainments PLC currently has an average rating of “Buy” and an average price target of GBX 474.30 ($6.19).
Shares of Merlin Entertainments PLC (LON:MERL) opened at 440.899 on Monday. Merlin Entertainments PLC has a 1-year low of GBX 316.79 and a 1-year high of GBX 494.90. The company’s market cap is GBX 4.47 billion. The firm’s 50-day moving average is GBX 476.71 and its 200-day moving average is GBX 453.82.
The firm also recently announced a dividend, which was paid on Monday, September 19th. Stockholders of record on Thursday, August 11th were given a dividend of GBX 2.20 ($0.03) per share. The ex-dividend date 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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