Merlin Entertainments PLC (LON:MERL) shares reached a new 52-week low on Tuesday . The stock traded as low as GBX 331.10 ($4.65) and last traded at GBX 331.50 ($4.66), with a volume of 3834811 shares. The stock had previously closed at GBX 331.50 ($4.66).
MERL has been the topic of several research reports. Peel Hunt lowered their price objective on shares of Merlin Entertainments from GBX 530 ($7.44) to GBX 450 ($6.32) and set a “buy” rating on the stock in a report on Tuesday, December 19th. Liberum Capital lowered their target price on shares of Merlin Entertainments from GBX 382 ($5.36) to GBX 360 ($5.06) and set a “hold” rating for the company in a report on Monday, January 15th. Goldman Sachs Group lowered their target price on shares of Merlin Entertainments from GBX 470 ($6.60) to GBX 400 ($5.62) and set a “neutral” rating for the company in a report on Friday, October 20th. Barclays reiterated an “overweight” rating and issued a GBX 480 ($6.74) target price on shares of Merlin Entertainments in a report on Wednesday, October 18th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a GBX 470 ($6.60) target price on shares of Merlin Entertainments in a report on Monday, January 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of GBX 474.86 ($6.67).
The stock has a market cap of $3,350.00 and a P/E ratio of 19.31.
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About Merlin Entertainments
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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