Merlin Entertainments (MERL) Price Target Lowered to GBX 360 at Liberum Capital

Merlin Entertainments (LON:MERL) had its target price cut by stock analysts at Liberum Capital from GBX 382 ($5.18) to GBX 360 ($4.88) in a report issued on Monday. The brokerage presently has a “hold” rating on the stock. Liberum Capital’s target price would suggest a potential downside of 0.96% from the stock’s current price.

A number of other equities analysts have also recently issued reports on MERL. Barclays restated an “overweight” rating and set a GBX 480 ($6.51) target price on shares of Merlin Entertainments in a report on Thursday. JPMorgan Chase & Co. raised their target price on Merlin Entertainments from GBX 385 ($5.22) to GBX 395 ($5.36) and gave the stock a “neutral” rating in a report on Friday. Morgan Stanley reaffirmed an “overweight” rating and set a GBX 470 ($6.37) price target on shares of Merlin Entertainments in a research report on Monday, January 8th. Shore Capital reaffirmed a “hold” rating on shares of Merlin Entertainments in a research report on Tuesday, October 17th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 530 ($7.19) price target on shares of Merlin Entertainments in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of GBX 474.86 ($6.44).

Shares of Merlin Entertainments (LON:MERL) traded up GBX 1.70 ($0.02) on Monday, reaching GBX 363.50 ($4.93). The company’s stock had a trading volume of 3,426,349 shares, compared to its average volume of 3,320,000. Merlin Entertainments has a 12-month low of GBX 343.40 ($4.66) and a 12-month high of GBX 537.50 ($7.29). The company has a market capitalization of $3,710.00 and a PE ratio of 1,730.95.

In other news, insider Anne-Francoise Nesmes bought 5,500 shares of the company’s stock in a transaction that occurred on Thursday, October 19th. The shares were acquired at an average price of GBX 369 ($5.00) per share, with a total value of £20,295 ($27,522.38). Also, insider Ken J. Hydon bought 30,000 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The stock was purchased at an average cost of GBX 376 ($5.10) per share, for a total transaction of £112,800 ($152,969.89).

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About Merlin Entertainments

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.

Analyst Recommendations for Merlin Entertainments (LON:MERL)

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