Merlin Entertainments PLC’s (LON:MERL) Hold Rating Reaffirmed at Shore Capital

Merlin Entertainments PLC (LON:MERL)‘s stock had its “hold” rating reissued by Shore Capital in a note issued to investors on Tuesday, October 17th.

Several other research firms have also recently commented on MERL. Beaufort Securities restated a “buy” rating on shares of Merlin Entertainments PLC in a research note on Monday, August 7th. Liberum Capital assumed coverage on Merlin Entertainments PLC in a research note on Wednesday, July 5th. They set a “hold” rating and a GBX 515 ($6.80) price target for the company. Barclays PLC restated an “overweight” rating and set a GBX 575 ($7.59) price target on shares of Merlin Entertainments PLC in a research note on Thursday, July 13th. Berenberg Bank restated a “sell” rating and set a GBX 375 ($4.95) price target on shares of Merlin Entertainments PLC in a research note on Wednesday, August 9th. Finally, HSBC Holdings plc restated a “buy” rating and set a GBX 560 ($7.39) price target on shares of Merlin Entertainments PLC in a research note on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 495.57 ($6.54).

Shares of Merlin Entertainments PLC (LON MERL) traded up 1.27% on Tuesday, reaching GBX 374.00. 2,351,687 shares of the company were exchanged. Merlin Entertainments PLC has a 52 week low of GBX 355.00 and a 52 week high of GBX 537.50. The company’s market capitalization is GBX 3.81 billion. The company’s 50-day moving average is GBX 435.15 and its 200-day moving average is GBX 472.73.

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In related news, insider Anne-Francoise Nesmes bought 5,500 shares of the stock in a transaction dated Thursday, October 19th. The stock was acquired at an average price of GBX 369 ($4.87) per share, for a total transaction of £20,295 ($26,781.47). Also, insider Ken J. Hydon bought 30,000 shares of the stock in a transaction dated Monday, October 23rd. The stock was bought at an average price of GBX 376 ($4.96) per share, with a total value of £112,800 ($148,851.94).

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.

Analyst Recommendations for Merlin Entertainments PLC (LON:MERL)

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