Merlin Entertainments PLC’s (MERL) Buy Rating Reiterated at HSBC Holdings plc
HSBC Holdings plc reissued their buy rating on shares of Merlin Entertainments PLC (LON:MERL) in a report issued on Wednesday morning, Marketbeat Ratings reports. They currently have a GBX 560 ($7.23) target price on the stock.
A number of other analysts have also issued reports on the stock. Morgan Stanley restated an overweight rating and set a GBX 580 ($7.49) target price on shares of Merlin Entertainments PLC in a research report on Tuesday. Barclays PLC restated an overweight rating and set a GBX 575 ($7.43) target price on shares of Merlin Entertainments PLC in a research report on Thursday, August 31st. Deutsche Bank AG raised their target price on shares of Merlin Entertainments PLC from GBX 530 ($6.84) to GBX 600 ($7.75) and gave the stock a buy rating in a research report on Friday, August 18th. Berenberg Bank restated a sell rating and set a GBX 375 ($4.84) target price on shares of Merlin Entertainments PLC in a research report on Wednesday, August 9th. Finally, Beaufort Securities restated a buy rating on shares of Merlin Entertainments PLC in a research report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of GBX 524.85 ($6.78).
Shares of Merlin Entertainments PLC (MERL) opened at 459.50 on Wednesday. The stock’s 50 day moving average is GBX 465.41 and its 200 day moving average is GBX 485.46. The stock’s market cap is GBX 4.68 billion. Merlin Entertainments PLC has a 52-week low of GBX 422.50 and a 52-week high of GBX 537.50.
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The firm also recently announced a dividend, which will be paid on Monday, September 25th. Stockholders of record on Thursday, August 17th will be paid a GBX 2.40 ($0.03) dividend. This represents a dividend yield of 0.51%. The ex-dividend date is Thursday, August 17th.
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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