Barclays Reaffirms Overweight Rating for Merlin Entertainments (MERL)

Barclays reaffirmed their overweight rating on shares of Merlin Entertainments (LON:MERL) in a research report released on Thursday. Barclays currently has a GBX 480 ($6.46) target price on the stock.

Other equities research analysts have also recently issued reports about the stock. Peel Hunt dropped their price target on shares of Merlin Entertainments from GBX 530 ($7.13) to GBX 450 ($6.06) and set a buy rating for the company in a research report on Tuesday, December 19th. Liberum Capital reiterated a hold rating and set a GBX 382 ($5.14) price target (down from GBX 515 ($6.93)) on shares of Merlin Entertainments in a research report on Monday, November 20th. Morgan Stanley reiterated an overweight rating and set a GBX 470 ($6.33) price target on shares of Merlin Entertainments in a research report on Wednesday, November 1st. Deutsche Bank dropped their price target on shares of Merlin Entertainments from GBX 600 ($8.08) to GBX 515 ($6.93) and set a buy rating for the company in a research report on Monday, October 23rd. Finally, Goldman Sachs Group dropped their price target on shares of Merlin Entertainments from GBX 470 ($6.33) to GBX 400 ($5.38) and set a neutral rating for the company in a research report on Friday, October 20th. One equities research 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. The company presently has an average rating of Buy and an average target price of GBX 480.36 ($6.47).

Shares of Merlin Entertainments (MERL) opened at GBX 360.80 ($4.86) on Thursday. Merlin Entertainments has a 12-month low of GBX 350.20 ($4.71) and a 12-month high of GBX 537.50 ($7.23). The stock has a market cap of $3,680.00 and a PE ratio of 1,718.10.

In other Merlin Entertainments news, insider Anne-Francoise Nesmes acquired 5,500 shares of the stock in a transaction dated Thursday, October 19th. The stock was acquired at an average price of GBX 369 ($4.97) per share, with a total value of £20,295 ($27,314.94). Also, insider Ken J. Hydon acquired 30,000 shares of the stock in a transaction dated Monday, October 23rd. The stock was acquired at an average cost of GBX 376 ($5.06) per share, with a total value of £112,800 ($151,816.96).

ILLEGAL ACTIVITY WARNING: “Barclays Reaffirms Overweight Rating for Merlin Entertainments (MERL)” was first posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.com-unik.info/2017/12/24/barclays-reaffirms-overweight-rating-for-merlin-entertainments-merl.html.

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)

Receive News & Ratings for Merlin Entertainments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merlin Entertainments and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit