Barclays Reaffirms Overweight Rating for Merlin Entertainments (MERL)
A number of other research firms have also weighed in on MERL. Morgan Stanley lowered their price objective on shares of Merlin Entertainments from GBX 580 ($8.13) to GBX 470 ($6.59) and set an overweight rating on the stock in a research report on Wednesday, October 18th. Peel Hunt lowered their price objective on shares of Merlin Entertainments from GBX 450 ($6.31) to GBX 375 ($5.26) and set a buy rating on the stock in a research report on Monday. Numis Securities reiterated an add rating and issued a GBX 553 ($7.75) price objective on shares of Merlin Entertainments in a research report on Monday, October 16th. Goldman Sachs Group lowered their price objective on shares of Merlin Entertainments from GBX 470 ($6.59) to GBX 400 ($5.61) and set a neutral rating on the stock in a research report on Friday, October 20th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Merlin Entertainments from GBX 385 ($5.40) to GBX 395 ($5.54) and gave the company a neutral rating in a research report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of GBX 469.50 ($6.58).
Merlin Entertainments (MERL) traded up GBX 2.50 ($0.04) during trading hours on Thursday, reaching GBX 322.80 ($4.53). 1,208,575 shares of the company were exchanged, compared to its average volume of 3,210,000. Merlin Entertainments has a 1 year low of GBX 317.60 ($4.45) and a 1 year high of GBX 537.50 ($7.54). The stock has a market cap of $3,260.00 and a price-to-earnings ratio of 1,537.14.
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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