Merlin Entertainments PLC Given “Neutral” Rating at Credit Suisse (MERL)
Merlin Entertainments PLC (LON:MERL)‘s stock had its “neutral” rating reiterated by equities research analysts at Credit Suisse in a research note issued to investors on Friday. They currently have a GBX 380 ($6.45) price target on the stock. Credit Suisse’s price objective would suggest a potential upside of 8.14% from the stock’s previous close.
Merlin Entertainments PLC (LON:MERL) traded down 0.79% during mid-day trading on Friday, hitting GBX 351.40. 386,330 shares of the company’s stock traded hands. Merlin Entertainments PLC has a 1-year low of GBX 315.00 and a 1-year high of GBX 391.50. The stock has a 50-day moving average of GBX 353.6 and a 200-day moving average of GBX 361.. The company’s market cap is £3.639 billion.
The company also recently announced a dividend, which is scheduled for Thursday, September 25th. Stockholders of record on Wednesday, August 27th will be paid a dividend of GBX 2 ($0.03) per share. This represents a dividend yield of 0.56%. The ex-dividend date is Wednesday, August 27th.
A number of other firms have also recently commented on MERL. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Merlin Entertainments PLC in a research note on Tuesday. They now have a GBX 430 ($7.30) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Merlin Entertainments PLC in a research note on Tuesday, July 1st. Finally, analysts at Panmure Gordon reiterated a “buy” rating on shares of Merlin Entertainments PLC in a research note on Monday, June 30th. They now have a GBX 446 ($7.57) price target on the stock. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Merlin Entertainments PLC presently has a consensus rating of “Buy” and an average price target of GBX 406.57 ($6.90).
Merlin Entertainments plc is entertainment company engaged in the operation of visitor attractions and theme park resorts in the United Kingdom, Continental Europe, North America and the Asia Pacific region.
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