Merlin Entertainments PLC (MERL) Receives “Buy” Rating from HSBC Holdings plc
HSBC Holdings plc restated their buy rating on shares of Merlin Entertainments PLC (LON:MERL) in a research note issued to investors on Thursday. HSBC Holdings plc currently has a GBX 560 ($7.23) price target on the stock.
A number of other brokerages also recently weighed in on MERL. JPMorgan Chase & Co. cut their price target on shares of Merlin Entertainments PLC from GBX 460 ($5.94) to GBX 450 ($5.81) and set a neutral rating on the stock in a report on Sunday, February 26th. Shore Capital reaffirmed a hold rating on shares of Merlin Entertainments PLC in a report on Thursday, March 2nd. Numis Securities Ltd started coverage on shares of Merlin Entertainments PLC in a report on Wednesday, March 22nd. They set an add rating and a GBX 553 ($7.14) price objective on the stock. Credit Suisse Group AG reaffirmed a neutral rating on shares of Merlin Entertainments PLC in a report on Thursday, March 30th. Finally, Barclays PLC reaffirmed an overweight rating and set a GBX 575 ($7.42) price objective on shares of Merlin Entertainments PLC in a report on Thursday, April 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of GBX 504.83 ($6.52).
Merlin Entertainments PLC (LON:MERL) traded down 0.48% during mid-day trading on Thursday, hitting GBX 514.00. 4,552,337 shares of the stock were exchanged. The company’s market capitalization is GBX 5.22 billion. Merlin Entertainments PLC has a 52 week low of GBX 316.79 and a 52 week high of GBX 519.00. The stock’s 50-day moving average is GBX 492.49 and its 200 day moving average is GBX 470.88.
The business also recently disclosed a dividend, which will be paid on Monday, June 19th. Investors of record on Thursday, May 11th will be given a GBX 4.90 ($0.06) dividend. This represents a dividend yield of 1.02%. This is a boost from Merlin Entertainments PLC’s previous dividend of $2.20. The ex-dividend date of this dividend is Thursday, May 11th.
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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