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Pin to quick picksMerlin Entertainments Share News (MERL)

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Broker tips: Babcock, Petra Diamond, Merlin Enetertainments

Tue, 01st Dec 2015 15:07

(ShareCast News) - Babcock is in a sweet-spot strategically, given its growing market and "solid" barriers to entry, but at present there are "too many risks for comfort" around the investment case, analysts said.In a research mote sent to clients, Citi analysts Ed Steele, Marc van'T Sant and Avinash Mundhra said they were adding top-line and succession risks to their previous concerns surrounding the company's margins and cash-flow.For those reasons, they trimmed their earnings per share forecasts for 2017 and 2018 by 2% each, lowered their target price on the stock to 1,000p and downgraded and slapped a 'sell' recommendation on them.Analysts at Finncap greeted the decision by two of Petra Diamond's lending groups to waive the measurement of two covenant tests relating to its operating profits for the year to 31 December 2015."This announcement effectively takes a considerable amount of perceived risk out of Petra and should reverse some of the negative sentiment," analyst Martin Potts said in a research note sent to clients.Potts retained his 191p price target and 'Buy' recommendation on the South Africa-focused diamond mining group.Depending on the valuation model chosen, Merlin Entertainments's expansion plans could boost the value of the company's discounted cash flow by up to half, Shore Capital said in a research note sent to clients.The broker explained that its 400p a share DCF valuation hinged on a forecast for only 33 Midway sites to be rolled out, versus the 100 envisaged by the company's director'sHowever, should Merlin manage to hit its target then that would be worth an additional 86p per share in terms of DCF.As well, the firm was planning to open 20 Legoland parks, with a new one scheduled to open its doors between every 2-3 years. Each new site could be worth about 10p per share, analysts Martin Brown and Greg Johnson estimated."This implies that Merlin's current expansion plans could be worth 150-200p a share over and above our core 400p DCF valuation."Brown and Johnson stuck by their previous recommendation to 'buy' the stock.
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1 Mar 2018 09:45

BUZZ-Merlin Entertainments: Shares on track for best day ever

** Madame Tussauds operator Merlin Entertainments shares rise as much as 12.8 pct, their highest intraday pct gain on record ** Stock among top gainers on FTSE 250 ** Co posts 9.5 in

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1 Mar 2018 08:58

LIVE MARKETS-Results drag European shares, investors warm to UK domestics

LONDON, March 1 (Reuters) - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Kit Rees. Reach

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1 Dec 2016 09:31

BROKER RATINGS SUMMARY: Credit Suisse Raises BP To Outperform

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29 Nov 2016 07:17

TOP NEWS: Merlin Entertainments Expects "Good Profit Growth" In 2016

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29 Nov 2016 07:05

Merlin Entertainment remains on track for profit growth

(ShareCast News) - In a brusque pre-close statement, Merlin Entertainment said it expected to report "good profit growth" for the full year in line with expectations, revealing a strong Halloween for its resorts but hinting at more soft trading at some other segments. The theme parks owner said unde

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22 Nov 2016 16:20

UK Earnings, Trading Statements Calendar - Next 7 Days

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15 Nov 2016 07:04

Tuesday newspaper round-up: Hammond, Carney, Nato, HS2, Glencore

(ShareCast News) - A slowdown in the UK economy will hit tax receipts and leave the chancellor with little wriggle room for giveaways at next week's autumn statement, a new report warns. Publishing new forecasts for GDP growth to slow next year as the Brexit vote bites, the consultancy firm PwC said

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4 Nov 2016 11:02

Friday broker round-up

(ShareCast News) - Coca Cola HBC: Barclays keeps at underweight with a target price of 1630p. Smith & Nephew: Jefferies stays at buy, 1395p target. Merlin Entertainments: Berenberg starts coverage with a 440p target. South 32: Barclays reiterates overweight with a 200p target. Ladbrokes: UBS keep

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4 Nov 2016 08:32

Berenberg starts Merlin Entertainments at 'hold'

(ShareCast News) - Berenberg initiated coverage of Merlin Entertainments at 'hold' with a 440p price target, saying the stock is "priced to perfection". "We like the company, are impressed with its growth over the last 10 years and believe its strategy will continue to add scale to the business. How

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12 Oct 2016 13:54

DIRECTOR DEALINGS: New Merlin Entertainments CFO Buys 4,500 Shares

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3 Oct 2016 17:03

Broker tips: Euromoney, Centrica, Merlin Entertainments

(ShareCast News) - Canaccord Genuity on Monday cut its rating on Euromoney Institutional Investor to 'hold' from 'buy' but raised its target price to 1,165p from 1,128p. Euromoney reported a "broadly reassuring" trading update last week confirming that full year earnings will be more or less in line

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3 Oct 2016 09:29

HSBC initiates Merlin Entertainments at 'buy'

(ShareCast News) - HSBC initiated Merlin Entertainments at 'buy' and a target price of 530p on Monday, saying the theme park owner remains "high growth, well-diversified and scalable". The bank said following a weak summer it believes there is potential for strong recovery in Merlin's Midway attract

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30 Sep 2016 08:27

BROKER RATINGS SUMMARY: Split View On Capita As Two Raise, Three Cut

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29 Sep 2016 07:22

Merlin posts summer growth despite struggling Midway

(ShareCast News) - Leisure operator Merlin Entertainments posted a trading update on Thursday, outlining its performance over the key summer period. The FTSE 100 firm saw 10.7% total revenue growth across the group, or 3.7% at constant exchange rates. Of that, Midway Attractions and Legoland Parks

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27 Sep 2016 11:19

Merlin Entertainments fined £5m for Alton Towers crash

(ShareCast News) - The owner of Alton towers, Merlin Entertainments is being sentenced for the catastrophic roller-coaster crash in June that injured 16 people, two of which needed leg amputations. The "Smiler" ride collided with an empty car that had stalled further along the loop crushing the legs

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