Morgan Stanley Reaffirms Overweight Rating for Merlin Entertainments (MERL)
Morgan Stanley restated their overweight rating on shares of Merlin Entertainments (LON:MERL) in a research note released on Monday morning. Morgan Stanley currently has a GBX 470 ($6.37) price target on the stock.
Other research analysts also recently issued reports about the stock. Numis Securities restated an add rating and issued a GBX 553 ($7.50) price target on shares of Merlin Entertainments in a research report on Monday, October 16th. Peel Hunt restated a buy rating and issued a GBX 530 ($7.19) price target on shares of Merlin Entertainments in a research report on Tuesday, October 17th. Citigroup restated a buy rating and issued a GBX 565 ($7.66) price target on shares of Merlin Entertainments in a research report on Friday, October 6th. Deutsche Bank dropped their price objective on shares of Merlin Entertainments from GBX 600 ($8.14) to GBX 515 ($6.98) and set a buy rating on the stock in a report on Monday, October 23rd. Finally, Shore Capital reaffirmed a hold rating on shares of Merlin Entertainments in a report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of GBX 480.36 ($6.51).
Merlin Entertainments (LON:MERL) traded up GBX 4.40 ($0.06) during trading on Monday, hitting GBX 356.50 ($4.83). 5,270,000 shares of the stock were exchanged, compared to its average volume of 3,700,000. Merlin Entertainments has a one year low of GBX 343.40 ($4.66) and a one year high of GBX 537.50 ($7.29). The company has a market cap of $3,630.00 and a P/E ratio of 1,697.62.
TRADEMARK VIOLATION WARNING: “Morgan Stanley Reaffirms Overweight Rating for Merlin Entertainments (MERL)” was published by Watch List News and is the property of of Watch List News. If you are accessing this report on another publication, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this report can be read at https://www.watchlistnews.com/morgan-stanley-reaffirms-overweight-rating-for-merlin-entertainments-merl/1800183.html.
About Merlin Entertainments
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.
Receive News & Ratings for Merlin Entertainments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merlin Entertainments and related companies with MarketBeat.com's FREE daily email newsletter.