Merlin Entertainments PLC (LON:MERL)‘s stock had its “add” rating restated by Numis Securities Ltd in a research note issued on Monday, October 16th. They currently have a GBX 553 ($7.30) target price on the stock. Numis Securities Ltd’s price objective suggests a potential upside of 46.41% from the company’s current price.
MERL has been the subject of a number of other research reports. Barclays PLC reiterated an “overweight” rating and set a GBX 575 ($7.59) price objective on shares of Merlin Entertainments PLC in a research report on Thursday, October 5th. Citigroup Inc. restated a “buy” rating and issued a GBX 565 ($7.46) price target on shares of Merlin Entertainments PLC in a research report on Friday, October 6th. Deutsche Bank AG upped their price target on Merlin Entertainments PLC from GBX 530 ($6.99) to GBX 600 ($7.92) and gave the stock a “buy” rating in a research report on Friday, August 18th. Morgan Stanley restated an “overweight” rating and issued a GBX 580 ($7.65) price target on shares of Merlin Entertainments PLC in a research report on Tuesday, September 5th. Finally, Peel Hunt upgraded Merlin Entertainments PLC to a “buy” rating and upped their price target for the stock from GBX 450 ($5.94) to GBX 530 ($6.99) in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. Merlin Entertainments PLC presently has an average rating of “Buy” and an average price target of GBX 495.57 ($6.54).
Shares of Merlin Entertainments PLC (LON:MERL) opened at 377.70 on Monday. The firm’s 50-day moving average is GBX 435.15 and its 200 day moving average is GBX 472.73. Merlin Entertainments PLC has a one year low of GBX 355.00 and a one year high of GBX 537.50. The firm’s market capitalization is GBX 3.85 billion.
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In related news, insider Ken J. Hydon acquired 30,000 shares of the stock in a transaction dated Monday, October 23rd. The stock was acquired at an average cost of GBX 376 ($4.96) per share, with a total value of £112,800 ($148,851.94). Also, insider Anne-Francoise Nesmes acquired 5,500 shares of the stock in a transaction dated Thursday, October 19th. The stock was bought at an average cost of GBX 369 ($4.87) per share, with a total value of £20,295 ($26,781.47).
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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