Merlin Entertainments PLC (LON:MERL) had its target price reduced by Morgan Stanley from GBX 580 ($7.71) to GBX 470 ($6.25) in a report issued on Wednesday. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 25.57% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Beaufort Securities reiterated a “buy” rating on shares of Merlin Entertainments PLC in a report on Monday, August 7th. Shore Capital reiterated a “hold” rating on shares of Merlin Entertainments PLC in a report on Friday, August 4th. Liberum Capital began coverage on shares of Merlin Entertainments PLC in a report on Wednesday, July 5th. They set a “hold” rating and a GBX 515 ($6.84) target price on the stock. Numis Securities Ltd reiterated an “add” rating and set a GBX 553 ($7.35) target price on shares of Merlin Entertainments PLC in a report on Monday. Finally, HSBC Holdings plc reiterated a “buy” rating and set a GBX 560 ($7.44) target price on shares of Merlin Entertainments PLC in a report on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. Merlin Entertainments PLC currently has a consensus rating of “Buy” and an average price target of GBX 501.64 ($6.67).

Shares of Merlin Entertainments PLC (LON:MERL) traded up 0.19% on Wednesday, reaching GBX 375.00. 7,440,307 shares of the company were exchanged. Merlin Entertainments PLC has a 52 week low of GBX 371.50 and a 52 week high of GBX 537.50. The company’s market capitalization is GBX 3.82 billion. The company’s 50-day moving average is GBX 447.25 and its 200-day moving average is GBX 476.43.

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In related news, insider Anne-Francoise Nesmes acquired 5,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 19th. The stock was purchased at an average cost of GBX 369 ($4.90) per share, with a total value of £20,295 ($26,966.52).

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.

Analyst Recommendations for Merlin Entertainments PLC (LON:MERL)

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