Todays Report: The Insider Buying: Merlin Entertainments PLC (MERL) Insider Purchases 4,500 Shares of Stock

The Insider Buying: Merlin Entertainments PLC (MERL) Insider Purchases 4,500 Shares of Stock

Merlin Entertainments PLC (LON:MERL) insider Anne-Francoise Nesmes bought 4,500 shares of the company’s stock in a transaction that occurred on Monday, October 10th. The stock was bought at an average cost of GBX 440 ($5.45) per share, for a total transaction of £19,800 ($24,504.95).

Shares of Merlin Entertainments PLC (LON:MERL) traded down 0.71% during midday trading on Wednesday, reaching GBX 445.70. The company had a trading volume of 958,873 shares. Merlin Entertainments PLC has a 12-month low of GBX 316.79 and a 12-month high of GBX 494.90. The stock’s market capitalization is GBX 4.52 billion. The stock’s 50 day moving average is GBX 470.58 and its 200-day moving average is GBX 453.45.

The business also recently disclosed a dividend, which was paid on Monday, September 19th. Stockholders of record on Thursday, August 11th were paid a GBX 2.20 ($0.03) dividend. This represents a dividend yield of 0.47%. The ex-dividend date of this dividend was Thursday, August 11th.

A number of research firms recently commented on MERL. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 520 ($6.44) target price on shares of Merlin Entertainments PLC in a research report on Friday, September 9th. JPMorgan Chase & Co. decreased their price target on shares of Merlin Entertainments PLC from GBX 464 ($5.74) to GBX 450 ($5.57) and set a “neutral” rating for the company in a research note on Friday, August 12th. Panmure Gordon reiterated a “buy” rating and set a GBX 515 ($6.37) price target on shares of Merlin Entertainments PLC in a research note on Wednesday, July 13th. Kepler Capital Markets increased their price target on shares of Merlin Entertainments PLC from GBX 420 ($5.20) to GBX 460 ($5.69) and gave the stock a “hold” rating in a research note on Friday, July 29th. Finally, Beaufort Securities reiterated a “buy” rating on shares of Merlin Entertainments PLC in a research note on Friday, July 29th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 477.78 ($5.91).

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