Merlin Entertainments PLC (MERL) PT Raised to GBX 560 at HSBC Holdings plc

Merlin Entertainments PLC (LON:MERL) had its price objective upped by HSBC Holdings plc from GBX 530 ($6.67) to GBX 560 ($7.05) in a research note published on Wednesday. They currently have a buy rating on the stock.

MERL has been the subject of several other research reports. Barclays PLC restated an overweight rating and issued a GBX 520 ($6.54) price objective on shares of Merlin Entertainments PLC in a report on Thursday, January 12th. Goldman Sachs Group Inc upped their price objective on Merlin Entertainments PLC from GBX 470 ($5.92) to GBX 500 ($6.29) and gave the company a neutral rating in a report on Thursday, December 22nd. Peel Hunt began coverage on Merlin Entertainments PLC in a report on Tuesday, December 6th. They set a buy rating and a GBX 510 ($6.42) target price for the company. JPMorgan Chase & Co. reduced their target price on Merlin Entertainments PLC from GBX 460 ($5.79) to GBX 450 ($5.66) and set a neutral rating for the company in a report on Saturday, March 4th. Finally, Berenberg Bank downgraded Merlin Entertainments PLC to a sell rating and reduced their target price for the company from GBX 440 ($5.54) to GBX 375 ($4.72) in a report on Thursday, March 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of GBX 503.45 ($6.34).

Merlin Entertainments PLC (LON:MERL) traded down 0.04% during midday trading on Wednesday, reaching GBX 475.10. 1,773,211 shares of the company traded hands. Merlin Entertainments PLC has a one year low of GBX 316.79 and a one year high of GBX 507.50. The company has a 50 day moving average price of GBX 482.89 and a 200-day moving average price of GBX 463.96. The stock’s market capitalization is GBX 4.82 billion.

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The firm also recently announced a dividend, which will be paid on Monday, June 19th. Investors of record on Thursday, May 11th will be paid a dividend of GBX 4.90 ($0.06) per share. This is an increase from Merlin Entertainments PLC’s previous dividend of $2.20. The ex-dividend date is Thursday, May 11th. This represents a yield of 1.02%.

About Merlin Entertainments PLC

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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