Merlin Entertainments PLC’s (MERL) “Add” Rating Reiterated at Numis Securities Ltd
Merlin Entertainments PLC (LON:MERL)‘s stock had its “add” rating reaffirmed by research analysts at Numis Securities Ltd in a report released on Friday. They currently have a GBX 553 ($7.29) price target on the stock. Numis Securities Ltd’s price target points to a potential upside of 13.00% from the stock’s previous close.
Other research analysts also recently issued reports about the company. HSBC Holdings plc reiterated a “buy” rating and issued a GBX 560 ($7.39) price target on shares of Merlin Entertainments PLC in a report on Wednesday, June 7th. Beaufort Securities reiterated a “buy” rating on shares of Merlin Entertainments PLC in a report on Wednesday, June 14th. Peel Hunt upgraded Merlin Entertainments PLC to a “buy” rating and boosted their price target for the company from GBX 450 ($5.94) to GBX 530 ($6.99) in a report on Friday. Shore Capital reiterated a “hold” rating on shares of Merlin Entertainments PLC in a report on Tuesday, June 13th. Finally, Liberum Capital started coverage on Merlin Entertainments PLC in a report on Wednesday, July 5th. They issued a “hold” rating and a GBX 515 ($6.79) price target for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. Merlin Entertainments PLC presently has a consensus rating of “Hold” and an average target price of GBX 519.46 ($6.85).
Merlin Entertainments PLC (LON MERL) opened at 489.40 on Friday. The company has a 50-day moving average price of GBX 477.83 and a 200 day moving average price of GBX 488.96. Merlin Entertainments PLC has a 12 month low of GBX 422.50 and a 12 month high of GBX 537.50. The stock’s market capitalization is GBX 4.97 billion.
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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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