Panmure Gordon Reiterates Buy Rating for Merlin Entertainments PLC (MERL)
Merlin Entertainments PLC (LON:MERL)‘s stock had its “buy” rating reissued by equities research analysts at Panmure Gordon in a research report issued to clients and investors on Tuesday. They presently have a GBX 515 ($6.39) target price on the stock. Panmure Gordon’s price objective indicates a potential upside of 18.17% from the company’s previous close.
A number of other equities analysts have also recently commented on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 450 ($5.58) target price on shares of Merlin Entertainments PLC in a report on Thursday, November 24th. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 520 ($6.45) target price on shares of Merlin Entertainments PLC in a report on Monday, November 21st. Deutsche Bank AG reaffirmed a “buy” rating on shares of Merlin Entertainments PLC in a report on Friday, November 18th. Berenberg Bank began coverage on shares of Merlin Entertainments PLC in a report on Friday, November 4th. They issued a “hold” rating and a GBX 440 ($5.46) target price on the stock. Finally, HSBC began coverage on shares of Merlin Entertainments PLC in a report on Monday, October 3rd. They issued a “buy” rating and a GBX 530 ($6.57) target price on the stock. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Merlin Entertainments PLC currently has a consensus rating of “Buy” and a consensus price target of GBX 476 ($5.90).
Merlin Entertainments PLC (LON:MERL) opened at 431.25 on Tuesday. The stock’s market capitalization is GBX 4.37 billion. The firm’s 50-day moving average is GBX 445.36 and its 200 day moving average is GBX 452.54. Merlin Entertainments PLC has a 12-month low of GBX 316.79 and a 12-month high of GBX 494.90.
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In related news, insider Anne-Francoise Nesmes bought 4,500 shares of the firm’s stock in a transaction on Monday, October 10th. The shares were bought at an average cost of GBX 440 ($5.46) per share, for a total transaction of £19,800 ($24,562.71).
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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