Merlin Entertainments PLC (LON:MERL) was upgraded by research analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a research report issued on Wednesday, October 18th. The brokerage currently has a GBX 440 ($5.81) price objective on the stock, down from their previous price objective of GBX 500 ($6.60). Credit Suisse Group’s price target would indicate a potential upside of 19.14% from the stock’s previous close.
A number of other analysts also recently issued reports on MERL. Liberum Capital initiated coverage on shares of Merlin Entertainments PLC in a report on Wednesday, July 5th. They set a “hold” rating and a GBX 515 ($6.80) price objective for the company. Barclays PLC restated an “overweight” rating and set a GBX 575 ($7.59) price objective on shares of Merlin Entertainments PLC in a report on Thursday, July 13th. Shore Capital restated a “hold” rating on shares of Merlin Entertainments PLC in a report on Friday, August 4th. Peel Hunt upgraded shares of Merlin Entertainments PLC to a “buy” rating and increased their target price for the stock from GBX 450 ($5.94) to GBX 530 ($6.99) in a research report on Friday, August 4th. Finally, Numis Securities Ltd reiterated an “add” rating and set a GBX 553 ($7.30) target price on shares of Merlin Entertainments PLC in a research report on Friday, August 4th. One investment 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. Merlin Entertainments PLC currently has an average rating of “Buy” and a consensus price target of GBX 495.57 ($6.54).
Merlin Entertainments PLC (LON:MERL) opened at 372.20 on Wednesday. The stock’s market capitalization is GBX 3.79 billion. Merlin Entertainments PLC has a 12-month low of GBX 355.00 and a 12-month high of GBX 537.50. The stock’s 50 day moving average is GBX 435.15 and its 200 day moving average is GBX 472.73.
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In other news, insider Anne-Francoise Nesmes acquired 5,500 shares of the business’s stock in a transaction dated Thursday, October 19th. The stock was bought at an average cost 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 that occurred on Monday, October 23rd. The stock was bought at an average cost of GBX 376 ($4.96) per share, for a total transaction 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.
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