Brokerages Set Merlin Entertainments PLC (LON:MERL) Price Target at GBX 389.17

Shares of Merlin Entertainments PLC (LON:MERL) have earned a consensus rating of “Hold” from the twelve analysts that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is GBX 389.17 ($5.09).

Several brokerages have recently weighed in on MERL. Morgan Stanley downgraded shares of Merlin Entertainments to an “equal weight” rating in a research report on Tuesday, July 2nd. Berenberg Bank boosted their price objective on shares of Merlin Entertainments from GBX 315 ($4.12) to GBX 455 ($5.95) and gave the stock a “hold” rating in a research report on Friday, June 28th. Shore Capital restated a “sell” rating and set a GBX 315 ($4.12) price objective on shares of Merlin Entertainments in a research report on Thursday, May 30th. Peel Hunt restated a “buy” rating on shares of Merlin Entertainments in a research report on Thursday, May 23rd. Finally, HSBC downgraded shares of Merlin Entertainments to a “reduce” rating and reduced their price objective for the stock from GBX 450 ($5.88) to GBX 315 ($4.12) in a research report on Monday, May 20th.

Merlin Entertainments stock traded down GBX 0.50 ($0.01) during trading on Wednesday, reaching GBX 451 ($5.89). The stock had a trading volume of 3,087,103 shares, compared to its average volume of 4,380,000. Merlin Entertainments has a 52-week low of GBX 304.50 ($3.98) and a 52-week high of GBX 455.25 ($5.95). The firm has a 50 day moving average of GBX 447.89. The company has a debt-to-equity ratio of 138.79, a quick ratio of 0.56 and a current ratio of 0.68. The stock has a market capitalization of $4.62 billion and a PE ratio of 17.21.

Merlin Entertainments (LON:MERL) last issued its quarterly earnings results on Thursday, August 1st. The company reported GBX 2.50 ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of GBX 3 ($0.04) by GBX (0.50) (($0.01)). As a group, sell-side analysts expect that Merlin Entertainments will post 2255 EPS for the current fiscal year.

About Merlin Entertainments

Merlin Entertainments plc operates visitor attraction places worldwide. The company operates midway attractions under the Madame Tussauds, The Eye Brand, SEA LIFE, The Dungeons, LEGOLAND Discovery Centres, Seal Sanctuaries, Shreks Adventure, Blackpool Tower, WILD LIFE, Australian Treetop Adventures, Hotham Alpine Resort, Falls Creek, and Little BIG City brands.

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Analyst Recommendations for Merlin Entertainments (LON:MERL)

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