Merlin Entertainments Share News (MERL)

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Merlin Entertainments is a 'sell', Berenberg says

Thu, 21st Mar 2019 11:31

(Sharecast News) - Merlin Entertainments is incorrectly "priced for perfection" and investors should sell the theme park operator's shares, Berenberg analysts said. Berenberg's Owen Shirley and his team cut their recommendation on Merlin shares to 'sell' from 'hold' and reduced their price target to 315p from 340p.Investors are too optimistic about Merlin's growth prospects, according to Berenberg. The Midway division, whose attractions include Madame Tussauds and Blackpool Tower, faces one-off headwinds and is not on as firm a path to growth as the market assumes, they said.Growth is getting tougher at Legoland parks and Merlin's resort theme parks such as Alton Towers will struggle to match 2018's "knockout" performance if temperatures fail to soar again, they added."We struggle to see the company achieving EBIT growth in any division this year, despite its cost-savings plan and continued investment in new sites and hotels," the analysts wrote.Merlin shares fell 5.4% to 348.9p at 12:19 GMT.

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1 Dec 2015 15:03

Merlin Entertainments could be worth 50% more, ShoreCap says

(ShareCast News) - Depending on the valuation model chosen, Merlin Entertainments's expansion plans could boost the value of the company's discounted cash flow by half, Shore Capital said in a research note sent to clients. That followed an in-line trading statement from the theme-park operator in w

1 Dec 2015 12:25

LONDON MARKET MIDDAY: Banks Lead Gains Amid Flurry Of PMIs Readings

1 Dec 2015 10:28

WINNERS & LOSERS SUMMARY: Banks In Favour As They Pass Stress Tests

1 Dec 2015 08:36

LONDON MARKET OPEN: Banks Lead Gainers After Stress Tests Results

1 Dec 2015 07:15

Merlin Entertainments Says Trading In Line But Alton Towers Still Weak

1 Dec 2015 07:02

Merlin Entertainments rollercoaster year should hit target

(ShareCast News) - Theme parks group Merlin Entertainments confirmed it is likely to end its rollercoaster year on a stable footing with full year profit forecasts expected to meet lowered expectations despite the continued significant weakness at Alton Towers since the crash on its Smiler ride in J

25 Nov 2015 09:34

BROKER RATINGS SUMMARY: Goldman And HSBC Negative On Anglo American

25 Nov 2015 08:23

LONDON BRIEFING: Housebuilders In Favour Ahead Of UK Autumn Statement

24 Nov 2015 16:49

Earnings, Trading Statements Calendar - Week Ahead

24 Nov 2015 13:18

PRESS: Human Error Caused Crash Of Merlin Entertainment's Smiler Ride

11 Nov 2015 09:32

BROKER RATINGS SUMMARY: JPMorgan And S&P Capital IQ Positive On ITV

10 Nov 2015 13:02

Merlin To Axe Up To 190 Alton Towers Jobs After Smiler Crash

9 Nov 2015 07:41

Asia-focused investment manager appointed to Merlin board

(ShareCast News) - An Asia-focused investment manager has been appointed to the board of Merlin Entertainments as the company looks to expand its reach in China. Yun (Rachel) Chiang will take up the non-executive director role on the FTSE 100 company board starting 1 January. It follows the company

23 Oct 2015 08:49

DIRECTOR DEALINGS: Merlin HR Director Sells 500,000 Shares

21 Oct 2015 16:16

London close: Stocks struggle to find direction on lack of drivers

(ShareCast News) - London stocks ended Wednesday's session flat after wavering throughout the day amid a lack of economic drivers. Equities struggled to find direction as there were few data releases apart from UK public finances, Markit's Household Finance Index and Japanese trade data. UK's headl

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Merlin Entertainments is a 'sell', Berenberg says

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