Merlin Entertainments PLC (LON:MERL)‘s stock had its “overweight” rating reissued by research analysts at Barclays PLC in a research note issued on Thursday. They presently have a GBX 480 ($6.31) price target on the stock. Barclays PLC’s target price indicates a potential upside of 27.32% from the stock’s previous close.
A number of other analysts also recently weighed in on MERL. Liberum Capital reiterated a “hold” rating and set a GBX 515 ($6.77) price target on shares of Merlin Entertainments PLC in a report on Thursday, August 3rd. Shore Capital reiterated a “hold” rating on shares of Merlin Entertainments PLC in a report on Friday, August 4th. Peel Hunt upgraded Merlin Entertainments PLC to a “buy” rating and increased their price target for the stock from GBX 450 ($5.92) to GBX 530 ($6.97) in a report on Friday, August 4th. Numis Securities Ltd reiterated an “add” rating and set a GBX 553 ($7.27) price target on shares of Merlin Entertainments PLC in a report on Friday, August 4th. Finally, Beaufort Securities reiterated a “buy” rating on shares of Merlin Entertainments PLC in a report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. Merlin Entertainments PLC currently has a consensus rating of “Buy” and an average price target of GBX 495.57 ($6.52).
Shares of Merlin Entertainments PLC (LON:MERL) traded down GBX 0.70 ($0.01) during trading on Thursday, reaching GBX 377 ($4.96). The company’s stock had a trading volume of 3,204,554 shares, compared to its average volume of 6,420,000. Merlin Entertainments PLC has a 52-week low of GBX 355 ($4.67) and a 52-week high of GBX 537.50 ($7.07).
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In other Merlin Entertainments PLC news, insider Ken J. Hydon purchased 30,000 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The shares were acquired at an average price of GBX 376 ($4.95) per share, with a total value of £112,800 ($148,362.49). Also, insider Anne-Francoise Nesmes purchased 5,500 shares of the company’s stock in a transaction that occurred on Thursday, October 19th. The stock was acquired at an average cost of GBX 369 ($4.85) per share, for a total transaction 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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