Merlin Entertainments (MERL) Earns “Overweight” Rating from Barclays

Barclays reiterated their overweight rating on shares of Merlin Entertainments (LON:MERL) in a report released on Wednesday morning. Barclays currently has a GBX 415 ($5.42) price objective on the stock.

Several other research analysts have also recently issued reports on the stock. Citigroup reiterated a buy rating and issued a GBX 500 ($6.53) price objective on shares of Merlin Entertainments in a report on Monday, September 3rd. Numis Securities reiterated a buy rating and issued a GBX 454 ($5.93) price objective on shares of Merlin Entertainments in a report on Monday, October 1st. UBS Group cut shares of Merlin Entertainments to a neutral rating and decreased their price objective for the company from GBX 425 ($5.55) to GBX 380 ($4.97) in a report on Tuesday, August 14th. Peel Hunt reiterated a buy rating on shares of Merlin Entertainments in a report on Tuesday. Finally, Berenberg Bank reiterated a hold rating and issued a GBX 360 ($4.70) price objective on shares of Merlin Entertainments in a report on Tuesday, October 9th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Merlin Entertainments currently has an average rating of Buy and a consensus price target of GBX 432 ($5.64).

Merlin Entertainments stock opened at GBX 325.70 ($4.26) on Wednesday. Merlin Entertainments has a 12-month low of GBX 317.10 ($4.14) and a 12-month high of GBX 537.50 ($7.02).

Merlin Entertainments (LON:MERL) last posted its quarterly earnings data on Thursday, August 2nd. The company reported GBX 3.30 ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of GBX 3.40 ($0.04) by GBX (0.10) ($0.00). Merlin Entertainments had a net margin of 18.15% and a return on equity of 22.19%.

The firm also recently announced a dividend, which was paid on Monday, September 24th. Investors of record on Thursday, August 16th were issued a dividend of GBX 2.50 ($0.03) per share. This represents a yield of 0.66%. The ex-dividend date was Thursday, August 16th.

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 Centre, Seal Sanctuaries, Blackpool Tower, WILD LIFE, Australian Treetop Adventures, Hotham Alpine Resort, Falls Creek, Shreks Adventure London, and Little BIG City brands.

Recommended Story: What Factors Can Affect Return on Equity?

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.

Leave a Reply