Merlin Entertainments PLC (MERL) PT Raised to GBX 600
Merlin Entertainments PLC (LON:MERL) had its price target lifted by investment analysts at Deutsche Bank AG from GBX 530 ($6.88) to GBX 600 ($7.79) in a research note issued to investors on Friday, MarketBeat reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank AG’s price objective would indicate a potential upside of 30.29% from the company’s current price.
A number of other equities research analysts have also weighed in on the stock. Barclays PLC restated an “overweight” rating and issued a GBX 575 ($7.46) target price on shares of Merlin Entertainments PLC in a report on Thursday, May 4th. Morgan Stanley upped their target price on shares of Merlin Entertainments PLC from GBX 560 ($7.27) to GBX 580 ($7.53) and gave the stock an “overweight” rating in a report on Wednesday, April 26th. HSBC Holdings plc restated a “buy” rating and issued a GBX 560 ($7.27) target price on shares of Merlin Entertainments PLC in a report on Thursday, May 18th. Credit Suisse Group lowered their target price on shares of Merlin Entertainments PLC from GBX 510 ($6.62) to GBX 500 ($6.49) and set a “neutral” rating on the stock in a report on Monday, April 24th. Finally, Liberum Capital restated a “hold” rating and issued a GBX 515 ($6.69) target price on shares of Merlin Entertainments PLC in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 524.85 ($6.81).
Merlin Entertainments PLC (LON MERL) traded down 0.84% during mid-day trading on Friday, hitting GBX 460.50. The company’s stock had a trading volume of 1,658,785 shares. The firm’s market cap is GBX 4.70 billion. The firm has a 50 day moving average of GBX 471.35 and a 200-day moving average of GBX 487.88. Merlin Entertainments PLC has a 52-week low of GBX 422.50 and a 52-week high of GBX 537.50.
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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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