Merlin Entertainments PLC (LON:MERL) announced a dividend on Friday, August 4th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 17th will be paid a dividend of GBX 2.40 ($0.03) per share on Monday, September 25th. This represents a dividend yield of 0.51%. The ex-dividend date is Thursday, August 17th. The official announcement can be seen at this link.
Shares of Merlin Entertainments PLC (LON MERL) traded down 0.41% during mid-day trading on Friday, hitting GBX 462.00. 1,870,229 shares of the stock traded hands. The stock’s market cap is GBX 4.71 billion. The firm’s 50 day moving average price is GBX 473.92 and its 200-day moving average price is GBX 488.54. Merlin Entertainments PLC has a 12-month low of GBX 422.50 and a 12-month high of GBX 537.50.
MERL has been the subject of a number of recent analyst reports. Morgan Stanley increased their target price on shares of Merlin Entertainments PLC from GBX 560 ($7.29) to GBX 580 ($7.55) and gave the company an “overweight” rating in a research report on Wednesday, April 26th. Berenberg Bank reiterated a “sell” rating and issued a GBX 375 ($4.88) target price on shares of Merlin Entertainments PLC in a research report on Wednesday. Barclays PLC reiterated an “overweight” rating and issued a GBX 575 ($7.49) target price on shares of Merlin Entertainments PLC in a research report on Thursday, July 27th. HSBC Holdings plc reiterated a “buy” rating and issued a GBX 560 ($7.29) target price on shares of Merlin Entertainments PLC in a research report on Thursday, May 18th. Finally, Liberum Capital reiterated a “hold” rating and issued a GBX 515 ($6.71) target price on shares of Merlin Entertainments PLC in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 519.46 ($6.76).
About Merlin Entertainments PLC
Merlin Entertainments plc is a United Kingdom-based entertainment company. The Company operates through three business segments: Midway Attractions, LEGOLAND Parks and Resort Theme Parks. Its products include Midway attractions, which are smaller, indoor attractions located in city centers or resorts, and Theme parks, which are larger multi-day destination venues, with on-site themed accommodation.
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