Merlin Entertainments (MERL) Earns Buy Rating from Numis Securities
A number of other research firms have also recently weighed in on MERL. Barclays reiterated an overweight rating and set a GBX 480 ($6.63) price target on shares of Merlin Entertainments in a report on Thursday, November 16th. Morgan Stanley lowered their price target on Merlin Entertainments from GBX 580 ($8.01) to GBX 470 ($6.49) and set an overweight rating for the company in a report on Wednesday, October 18th. Peel Hunt lowered their price target on Merlin Entertainments from GBX 450 ($6.22) to GBX 375 ($5.18) and set a buy rating for the company in a report on Monday, February 5th. Goldman Sachs Group lowered their price target on Merlin Entertainments from GBX 470 ($6.49) to GBX 400 ($5.53) and set a neutral rating for the company in a report on Friday, October 20th. Finally, JPMorgan Chase & Co. increased their target price on Merlin Entertainments from GBX 385 ($5.32) to GBX 395 ($5.46) and gave the stock a neutral rating in a research note on Friday, January 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of GBX 462.43 ($6.39).
Merlin Entertainments (LON:MERL) opened at GBX 327 ($4.52) on Tuesday. The stock has a market cap of $3,330.00 and a price-to-earnings ratio of 1,557.14. Merlin Entertainments has a 1 year low of GBX 317.10 ($4.38) and a 1 year high of GBX 537.50 ($7.43).
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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