Merlin Entertainments PLC (LON:MERL)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as high as $395.20. Merlin Entertainments shares last traded at $393.10, with a volume of 922,357 shares trading hands.
Several research firms have recently weighed in on MERL. Numis Securities reaffirmed a “buy” rating and set a GBX 454 ($5.93) target price on shares of Merlin Entertainments in a report on Thursday, February 28th. Goldman Sachs Group lifted their target price on shares of Merlin Entertainments from GBX 370 ($4.83) to GBX 380 ($4.97) and gave the company a “neutral” rating in a report on Tuesday, June 18th. Peel Hunt reaffirmed a “buy” rating on shares of Merlin Entertainments in a report on Wednesday, March 27th. Berenberg Bank reaffirmed a “sell” rating and set a GBX 315 ($4.12) target price (down from GBX 340 ($4.44)) on shares of Merlin Entertainments in a report on Thursday, March 21st. Finally, HSBC lowered shares of Merlin Entertainments to a “reduce” rating and cut their target price for the company from GBX 450 ($5.88) to GBX 315 ($4.12) in a report on Monday, May 20th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 377.64 ($4.93).
The business’s 50 day simple moving average is GBX 374.05. The company has a market capitalization of $4.04 billion and a PE ratio of 17.47. The company has a current ratio of 0.69, a quick ratio of 0.44 and a debt-to-equity ratio of 74.54.
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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