Merlin Entertainments PLC’s (MERL) “Overweight” Rating Reaffirmed at Barclays PLC
Barclays PLC restated their overweight rating on shares of Merlin Entertainments PLC (LON:MERL) in a research note published on Thursday morning. The firm currently has a GBX 480 ($6.31) target price on the stock.
MERL has been the subject of several other research reports. Berenberg Bank reiterated a sell rating and issued a GBX 375 ($4.93) target price on shares of Merlin Entertainments PLC in a report on Wednesday, August 9th. Beaufort Securities reiterated a buy rating on shares of Merlin Entertainments PLC in a report on Monday, August 7th. Deutsche Bank AG increased their target price on shares of Merlin Entertainments PLC from GBX 530 ($6.97) to GBX 600 ($7.89) and gave the company a buy rating in a report on Friday, August 18th. Liberum Capital reiterated a hold rating and issued a GBX 515 ($6.77) target price on shares of Merlin Entertainments PLC in a report on Thursday, August 3rd. Finally, Peel Hunt upgraded shares of Merlin Entertainments PLC to a buy rating and increased their target price for the company from GBX 450 ($5.92) to GBX 530 ($6.97) in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. The company has an average rating of Buy and an average target price of GBX 495.57 ($6.52).
Merlin Entertainments PLC (LON MERL) traded down GBX 0.63 ($0.01) on Thursday, reaching GBX 377.07 ($4.96). 3,200,000 shares of the company’s stock traded hands, compared to its average volume of 6,420,000. Merlin Entertainments PLC has a 1 year low of GBX 355 ($4.67) and a 1 year high of GBX 537.50 ($7.07).
In other news, insider Ken J. Hydon acquired 30,000 shares of the business’s stock in a transaction dated Monday, October 23rd. The stock was bought at an average cost of GBX 376 ($4.95) per share, for a total transaction of £112,800 ($148,362.49). Also, insider Anne-Francoise Nesmes acquired 5,500 shares of the business’s stock in a transaction dated Thursday, October 19th. The stock was purchased at an average price of GBX 369 ($4.85) per share, with a total value of £20,295 ($26,693.41).
Merlin Entertainments PLC Company Profile
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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