Several other equities analysts also recently weighed in on MERL. Morgan Stanley reiterated an overweight rating and issued a GBX 470 ($6.49) target price on shares of Merlin Entertainments in a research note on Monday, January 8th. Barclays reaffirmed an overweight rating and set a GBX 480 ($6.63) price objective on shares of Merlin Entertainments in a research note on Thursday, February 15th. Numis Securities reaffirmed a buy rating and set a GBX 454 ($6.27) price objective on shares of Merlin Entertainments in a research note on Tuesday, February 13th. Liberum Capital reduced their price objective on shares of Merlin Entertainments from GBX 382 ($5.28) to GBX 360 ($4.97) and set a hold rating for the company in a research note on Monday, January 15th. Finally, HSBC reaffirmed a buy rating and set a GBX 450 ($6.22) price objective on shares of Merlin Entertainments in a research note on Friday, February 16th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Merlin Entertainments presently has an average rating of Buy and an average price target of GBX 442.36 ($6.11).
Merlin Entertainments (LON:MERL) traded up GBX 2.80 ($0.04) on Monday, hitting GBX 366 ($5.06). 2,750,000 shares of the stock traded hands, compared to its average volume of 4,400,000. The stock has a market capitalization of $3,730.00 and a P/E ratio of 1,830.00. Merlin Entertainments has a 52-week low of GBX 317.10 ($4.38) and a 52-week high of GBX 537.50 ($7.43).
The business also recently announced a dividend, which will be paid on Thursday, May 17th. Shareholders of record on Thursday, April 12th will be given a dividend of GBX 5 ($0.07) per share. The ex-dividend date is Thursday, April 12th. This is a positive change from Merlin Entertainments’s previous dividend of $2.40. This represents a yield of 1.34%.
In related news, insider Charles Gurassa bought 69,504 shares of the company’s stock in a transaction on Friday, March 2nd. The stock was acquired at an average cost of GBX 360 ($4.97) per share, for a total transaction of £250,214.40 ($345,695.50).
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.
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.