Insider Buying: Merlin Entertainments PLC (MERL) Insider Purchases 4,500 Shares of Stock
Merlin Entertainments PLC (LON:MERL) insider Anne-Francoise Nesmes bought 4,500 shares of the company’s stock in a transaction that occurred on Monday, October 10th. The stock was bought at an average cost of GBX 440 ($5.45) per share, for a total transaction of £19,800 ($24,504.95).
Shares of Merlin Entertainments PLC (LON:MERL) traded down 0.71% during midday trading on Wednesday, reaching GBX 445.70. The company had a trading volume of 958,873 shares. Merlin Entertainments PLC has a 12-month low of GBX 316.79 and a 12-month high of GBX 494.90. The stock’s market capitalization is GBX 4.52 billion. The stock’s 50 day moving average is GBX 470.58 and its 200-day moving average is GBX 453.45.
The business also recently disclosed a dividend, which was paid on Monday, September 19th. Stockholders of record on Thursday, August 11th were paid a GBX 2.20 ($0.03) dividend. This represents a dividend yield of 0.47%. The ex-dividend date of this dividend was Thursday, August 11th.
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A number of research firms recently commented on MERL. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 520 ($6.44) target price on shares of Merlin Entertainments PLC in a research report on Friday, September 9th. JPMorgan Chase & Co. decreased their price target on shares of Merlin Entertainments PLC from GBX 464 ($5.74) to GBX 450 ($5.57) and set a “neutral” rating for the company in a research note on Friday, August 12th. Panmure Gordon reiterated a “buy” rating and set a GBX 515 ($6.37) price target on shares of Merlin Entertainments PLC in a research note on Wednesday, July 13th. Kepler Capital Markets increased their price target on shares of Merlin Entertainments PLC from GBX 420 ($5.20) to GBX 460 ($5.69) and gave the stock a “hold” rating in a research note on Friday, July 29th. Finally, Beaufort Securities reiterated a “buy” rating on shares of Merlin Entertainments PLC in a research note on Friday, July 29th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 477.78 ($5.91).
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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