UBS Group downgraded shares of Merlin Entertainments (LON:MERL) to a sell rating in a research report sent to investors on Thursday morning, investing.thisismoney.co.uk reports. UBS Group currently has GBX 295 ($3.85) price target on the stock, down from their prior price target of GBX 380 ($4.97).
MERL has been the topic of several other reports. Peel Hunt reiterated a buy rating on shares of Merlin Entertainments in a research note on Tuesday, October 16th. Royal Bank of Canada began coverage on Merlin Entertainments in a research note on Tuesday, December 4th. They issued an outperform rating and a GBX 375 ($4.90) price target on the stock. Barclays restated an overweight rating and issued a GBX 415 ($5.42) price target on shares of Merlin Entertainments in a research note on Wednesday, October 17th. Liberum Capital restated a hold rating on shares of Merlin Entertainments in a research note on Tuesday, October 16th. Finally, Numis Securities restated a buy rating and issued a GBX 454 ($5.93) price target on shares of Merlin Entertainments in a research note on Monday, October 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of GBX 414.14 ($5.41).
Shares of MERL stock traded up GBX 9.30 ($0.12) during midday trading on Thursday, hitting GBX 336.50 ($4.40). The company had a trading volume of 1,583,392 shares, compared to its average volume of 4,380,000. Merlin Entertainments has a 52-week low of GBX 317.10 ($4.14) and a 52-week high of GBX 537.50 ($7.02).
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.
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