Liberum Capital Reiterates Hold Rating for Merlin Entertainments PLC (MERL)
Liberum Capital reaffirmed their hold rating on shares of Merlin Entertainments PLC (LON:MERL) in a research note published on Monday. Liberum Capital currently has a GBX 382 ($5.02) price target on the stock, down from their previous price target of GBX 515 ($6.77).
A number of other research firms also recently weighed in on MERL. Beaufort Securities restated a buy rating on shares of Merlin Entertainments PLC in a research report on Monday, August 7th. Berenberg Bank restated a sell rating and set a GBX 375 ($4.93) price target on shares of Merlin Entertainments PLC in a research report on Wednesday, August 9th. Barclays PLC restated an overweight rating and set a GBX 575 ($7.56) price target on shares of Merlin Entertainments PLC in a research report on Thursday, July 27th. restated a buy rating and set a GBX 560 ($7.37) price target on shares of Merlin Entertainments PLC in a research report on Wednesday, September 6th. Finally, Deutsche Bank AG raised their price target on Merlin Entertainments PLC from GBX 530 ($6.97) to GBX 600 ($7.89) and gave the company a buy rating in a research report on Friday, August 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. Merlin Entertainments PLC has an average rating of Buy and an average price target of GBX 486.07 ($6.39).
Shares of Merlin Entertainments PLC (LON MERL) opened at GBX 358.20 ($4.71) on Monday. Merlin Entertainments PLC has a 12-month low of GBX 355 ($4.67) and a 12-month high of GBX 537.50 ($7.07).
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In other Merlin Entertainments PLC news, insider Anne-Francoise Nesmes bought 5,500 shares of the business’s stock in a transaction that occurred on Thursday, October 19th. The shares were bought at an average cost of GBX 369 ($4.85) per share, with a total value of £20,295 ($26,693.41). Also, insider Ken J. Hydon bought 30,000 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The stock was acquired at an average cost of GBX 376 ($4.95) per share, for a total transaction of £112,800 ($148,362.49).
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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