Merlin Entertainments (LON:MERL) was downgraded by stock analysts at HSBC to a “reduce” rating in a research note issued on Monday, ThisIsMoney.Co.Uk reports. They currently have a GBX 315 ($4.12) price objective on the stock, down from their prior price objective of GBX 450 ($5.88). HSBC’s target price would indicate a potential downside of 6.69% from the stock’s previous close.
Several other brokerages have also weighed in on MERL. Peel Hunt reaffirmed a “buy” rating on shares of Merlin Entertainments in a research report on Friday, May 3rd. Liberum Capital reaffirmed a “hold” rating on shares of Merlin Entertainments in a research report on Friday, May 3rd. Numis Securities reaffirmed a “buy” rating and set a GBX 454 ($5.93) price objective on shares of Merlin Entertainments in a research report on Thursday, February 28th. Citigroup reiterated a “buy” rating on shares of Merlin Entertainments in a report on Friday, February 22nd. Finally, Berenberg Bank reiterated a “sell” rating and set a GBX 315 ($4.12) price target (down previously from GBX 340 ($4.44)) on shares of Merlin Entertainments in a report on Thursday, March 21st. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of GBX 389.45 ($5.09).
Shares of MERL opened at GBX 337.60 ($4.41) on Monday. The company has a market cap of $3.45 billion and a P/E ratio of 15.00. The company has a debt-to-equity ratio of 74.54, a quick ratio of 0.44 and a current ratio of 0.69. Merlin Entertainments has a twelve month low of GBX 304.50 ($3.98) and a twelve month high of GBX 415.70 ($5.43).
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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