Barclays Reiterates “Overweight” Rating for Merlin Entertainments (MERL)
Barclays reissued their overweight rating on shares of Merlin Entertainments (LON:MERL) in a research note issued to investors on Thursday morning. They currently have a GBX 480 ($6.51) price objective on the stock.
MERL has been the subject of a number of other reports. Morgan Stanley reduced their price target on shares of Merlin Entertainments from GBX 580 ($7.87) to GBX 470 ($6.37) and set an overweight rating for the company in a research report on Wednesday, October 18th. Numis Securities restated an add rating and set a GBX 553 ($7.50) price target on shares of Merlin Entertainments in a research report on Monday, October 16th. Goldman Sachs Group reduced their price target on shares of Merlin Entertainments from GBX 470 ($6.37) to GBX 400 ($5.42) and set a neutral rating for the company in a research report on Friday, October 20th. JPMorgan Chase & Co. boosted their price target on shares of Merlin Entertainments from GBX 385 ($5.22) to GBX 395 ($5.36) and gave the company a neutral rating in a research report on Friday, January 12th. Finally, Liberum Capital restated an under review rating on shares of Merlin Entertainments in a research report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of GBX 474.86 ($6.44).
Shares of Merlin Entertainments (LON:MERL) opened at GBX 350.80 ($4.76) on Thursday. Merlin Entertainments has a 1-year low of GBX 343.40 ($4.66) and a 1-year high of GBX 537.50 ($7.29). The stock has a market cap of $3,580.00 and a price-to-earnings ratio of 1,670.48.
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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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