Goldman Sachs Group, Inc. (The) Trims Merlin Entertainments PLC (MERL) Target Price to GBX 400

Merlin Entertainments PLC (LON:MERL) had its price objective cut by Goldman Sachs Group, Inc. (The) from GBX 470 ($6.25) to GBX 400 ($5.31) in a research note issued to investors on Friday morning. They currently have a neutral rating on the stock.

Several other research analysts have also recently issued reports on MERL. Berenberg Bank reissued a sell rating and set a GBX 375 ($4.98) target price on shares of Merlin Entertainments PLC in a report on Wednesday, August 9th. Beaufort Securities reissued a buy rating on shares of Merlin Entertainments PLC in a report on Monday, August 7th. Numis Securities Ltd reissued an add rating and set a GBX 553 ($7.35) target price on shares of Merlin Entertainments PLC in a report on Monday, October 16th. Deutsche Bank AG raised their target price on shares of Merlin Entertainments PLC from GBX 530 ($7.04) to GBX 600 ($7.97) and gave the stock a buy rating in a report on Friday, August 18th. Finally, Morgan Stanley reduced their target price on shares of Merlin Entertainments PLC from GBX 580 ($7.71) to GBX 470 ($6.25) and set an overweight rating for the company in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. Merlin Entertainments PLC has a consensus rating of Buy and an average price target of GBX 495.57 ($6.58).

Shares of Merlin Entertainments PLC (LON MERL) opened at 375.40 on Friday. The stock’s market capitalization is GBX 3.83 billion. The firm’s 50-day moving average is GBX 445.05 and its 200-day moving average is GBX 475.72. Merlin Entertainments PLC has a 52 week low of GBX 355.00 and a 52 week high of GBX 537.50.

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The firm also recently declared a dividend, which was paid on Monday, September 25th. Investors of record on Thursday, August 17th were given a dividend of GBX 2.40 ($0.03) per share. The ex-dividend date of this dividend was Thursday, August 17th. This represents a yield of 0.51%.

In other Merlin Entertainments PLC news, insider Anne-Francoise Nesmes purchased 5,500 shares of the stock in a transaction that occurred on Thursday, October 19th. The shares were purchased at an average cost of GBX 369 ($4.90) per share, for a total transaction of £20,295 ($26,966.52).

Merlin Entertainments PLC 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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