Merlin Entertainments PLC (MERL) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Merlin Entertainments PLC (LON:MERL) have been assigned a consensus recommendation of “Buy” from the sixteen analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is GBX 494.08 ($6.52).
Several equities analysts have recently issued reports on the stock. Deutsche Bank AG lowered their price objective on shares of Merlin Entertainments PLC from GBX 600 ($7.92) to GBX 515 ($6.80) and set a “buy” rating on the stock in a research note on Monday. Goldman Sachs Group, Inc. (The) lowered their price objective on shares of Merlin Entertainments PLC from GBX 470 ($6.20) to GBX 400 ($5.28) and set a “neutral” rating on the stock in a research note on Friday, October 20th. Morgan Stanley lowered their price objective on shares of Merlin Entertainments PLC from GBX 580 ($7.65) to GBX 470 ($6.20) and set an “overweight” rating on the stock in a research note on Wednesday, October 18th. Credit Suisse Group raised shares of Merlin Entertainments PLC from a “neutral” rating to an “outperform” rating and dropped their target price for the stock from GBX 500 ($6.60) to GBX 440 ($5.81) in a research report on Wednesday, October 18th. Finally, Barclays PLC reissued an “overweight” rating and issued a GBX 480 ($6.33) target price on shares of Merlin Entertainments PLC in a research report on Wednesday, October 18th.
In related news, insider Ken J. Hydon purchased 30,000 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The stock was acquired at an average cost of GBX 376 ($4.96) per share, for a total transaction of £112,800 ($148,851.94). Also, insider Anne-Francoise Nesmes purchased 5,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 19th. The shares were bought at an average price of GBX 369 ($4.87) per share, with a total value of £20,295 ($26,781.47).
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Shares of Merlin Entertainments PLC (LON MERL) opened at 368.10 on Thursday. Merlin Entertainments PLC has a one year low of GBX 355.00 and a one year high of GBX 537.50. The stock’s market cap is GBX 3.75 billion. The firm has a 50 day moving average of GBX 437.80 and a 200 day moving average of GBX 473.46.
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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