Merlin Entertainments PLC (LON:MERL) Rating Reaffirmed
London: In an analyst note disseminated on Wednesday morning, JP Morgan Cazenove has reaffirmed their “Neutral” rating on Merlin Entertainments PLC (LON:MERL) shares. They now have a GBX 450.00 target on the company. JP Morgan Cazenove’s target would possibly suggest a potential upside of 8.43% from the company’s previous close.
From a total of 15 analysts covering Merlin Entertainments PLC (LON:MERL) stock, 9 rate it a ”Buy”, 0 a “Sell”, and 6 a ”Hold”. This means that 60% of the ratings are positive. The highest target price is GBX 485 while the lowest target price is GBX 400. The mean of all analyst targets is GBX 453.27 with a 10.07% above today’s (GBX 415) stock price. Merlin Entertainments PLC was the topic of 33 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Panmure Gordon maintained shares on December 1 with “Buy” rating. Barclays Capital maintained shares with “Overweight” rating and GBX 480 target share price in a report from a November 3. Credit Suisse maintained MERL stock in a recent report from November 30 with “Neutral” rating. Nomura maintained the rating on October 7. Nomura has a “Buy” rating and a GBX 443 price target on shares. Finally, Citigroup maintained the stock with “Buy” rating in a report issued on a November 16.
The stock increased 1.42% or GBX 5.8 on December 1, striking GBX 415. Approximately 2.43M shares of stock traded hands or 57.79% up from the average. Merlin Entertainments PLC (LON:MERL) has declined 3.82% since May 5, 2015 and is downtrending. It has underperformed by 2.20% the S&P500.
Merlin Entertainments plc is a United Kingdom entertainments company. The company has a market cap of 4.19 billion GBP. The Firm operates around 105 attractions in 23 countries across four continents. It has 26.65 P/E ratio. The Firm operates through three business divisions: Midway Attractions, LEGOLAND Parks and Resort Theme Parks.