Merlin Entertainments PLC (LON:MERL) announced a dividend on Thursday, March 1st, Upcoming.Co.Uk reports. Stockholders of record on Thursday, April 12th will be paid a dividend of GBX 5 ($0.07) per share on Thursday, May 17th. This represents a dividend yield of 1.34%. The ex-dividend date is Thursday, April 12th. This is a boost from Merlin Entertainments’s previous dividend of $2.40. The official announcement can be seen at this link.
MERL stock opened at GBX 348 ($4.88) on Friday. Merlin Entertainments has a 52-week low of GBX 317.10 ($4.45) and a 52-week high of GBX 537.50 ($7.54).
In related news, insider Charles Gurassa purchased 69,504 shares of the stock in a transaction that occurred on Friday, March 2nd. The shares were bought at an average price of GBX 360 ($5.05) per share, with a total value of £250,214.40 ($351,227.40).
MERL has been the subject of a number of analyst reports. Peel Hunt cut their price target on Merlin Entertainments from GBX 530 ($7.44) to GBX 450 ($6.32) and set a “buy” rating for the company in a research note on Tuesday, December 19th. Numis Securities restated a “buy” rating and issued a GBX 454 ($6.37) target price on shares of Merlin Entertainments in a research note on Tuesday, February 13th. Deutsche Bank restated a “buy” rating and issued a GBX 515 ($7.23) target price on shares of Merlin Entertainments in a research note on Wednesday, January 3rd. HSBC restated a “buy” rating and issued a GBX 450 ($6.32) target price on shares of Merlin Entertainments in a research note on Friday, February 16th. Finally, Shore Capital upgraded Merlin Entertainments to a “buy” rating and set a GBX 479 ($6.72) target price on the stock in a research note on Thursday, March 1st. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 443.79 ($6.23).
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Merlin Entertainments 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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