Merlin Entertainments PLC (MERL) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Merlin Entertainments PLC (LON:MERL) have earned an average rating of “Hold” from the fourteen ratings firms that are covering the firm. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is GBX 504.83 ($6.57).
A number of research analysts recently weighed in on MERL shares. Peel Hunt cut shares of Merlin Entertainments PLC to a “hold” rating and set a GBX 510 ($6.63) price objective for the company. in a report on Monday, February 27th. Barclays PLC lifted their price objective on shares of Merlin Entertainments PLC from GBX 520 ($6.76) to GBX 575 ($7.48) and gave the company a ” overweight” rating in a report on Monday, February 20th. JPMorgan Chase & Co. dropped their price objective on shares of Merlin Entertainments PLC from GBX 460 ($5.98) to GBX 450 ($5.85) and set a “neutral” rating for the company in a report on Saturday, March 4th. Credit Suisse Group AG dropped their price objective on shares of Merlin Entertainments PLC from GBX 510 ($6.63) to GBX 500 ($6.50) and set a “neutral” rating for the company in a report on Monday, April 24th. Finally, Berenberg Bank cut shares of Merlin Entertainments PLC to a “sell” rating and dropped their price objective for the company from GBX 440 ($5.72) to GBX 375 ($4.88) in a report on Thursday, March 16th.
Shares of Merlin Entertainments PLC (LON:MERL) traded up 0.19% during midday trading on Friday, hitting GBX 518.50. 1,417,198 shares of the stock traded hands. The stock has a 50-day moving average of GBX 498.66 and a 200-day moving average of GBX 473.18. Merlin Entertainments PLC has a 52-week low of GBX 316.79 and a 52-week high of GBX 527.00. The company’s market cap is GBX 5.27 billion.
The company also recently declared a dividend, which will be paid on Monday, June 19th. Shareholders of record on Thursday, May 11th will be issued a dividend of GBX 4.90 ($0.06) per share. This represents a yield of 1.02%. The ex-dividend date is Thursday, May 11th. This is a boost from Merlin Entertainments PLC’s previous dividend of $2.20.
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About Merlin Entertainments PLC
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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