Merlin Entertainments (MERL) Rating Reiterated by Barclays
Merlin Entertainments (LON:MERL)‘s stock had its “overweight” rating reaffirmed by Barclays in a report released on Thursday. They presently have a GBX 480 ($6.46) target price on the stock. Barclays’ target price would suggest a potential upside of 33.67% from the stock’s current price.
MERL has been the subject of a number of other research reports. Numis Securities restated an “add” rating and set a GBX 553 ($7.44) price objective on shares of Merlin Entertainments in a research report on Monday, October 16th. Peel Hunt restated a “buy” rating and set a GBX 530 ($7.13) price objective on shares of Merlin Entertainments in a research report on Tuesday, October 17th. Deutsche Bank upped their price objective on shares of Merlin Entertainments from GBX 530 ($7.13) to GBX 600 ($8.08) and gave the stock a “buy” rating in a research report on Friday, August 18th. Citigroup restated a “buy” rating and set a GBX 565 ($7.60) price objective on shares of Merlin Entertainments in a research report on Friday, October 6th. Finally, restated a “buy” rating and set a GBX 560 ($7.54) price objective on shares of Merlin Entertainments in a research report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. Merlin Entertainments presently has a consensus rating of “Buy” and an average target price of GBX 486.07 ($6.54).
Shares of Merlin Entertainments (MERL) traded up GBX 3.10 ($0.04) during trading hours on Thursday, reaching GBX 359.10 ($4.83). 3,160,000 shares of the company were exchanged, compared to its average volume of 5,410,000. Merlin Entertainments has a 12-month low of GBX 350.20 ($4.71) and a 12-month high of GBX 537.50 ($7.23).
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Merlin Entertainments 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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