Nomura Increases Manchester United PLC Price Target to $18.80 (MANU)
Research analysts at Nomura increased their target price on shares of Manchester United PLC (NASDAQ:MANU) from $16.00 to $18.80 in a report released on Monday, AnalystRatingsNetwork.com reports. The firm currently has a “neutral” rating on the stock. Nomura’s price target would indicate a potential upside of 8.67% from the company’s current price.
MANU has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Manchester United PLC (NASDAQ:MANU) from a “neutral” rating to an “underperform” rating in a research note to investors on Friday. They now have a $16.70 price target on the stock. Separately, analysts at Jefferies Group cut their price target on shares of Manchester United PLC (NASDAQ:MANU) from $23.00 to $21.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock.
One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $18.83.
Shares of Manchester United PLC (NASDAQ:MANU) traded down 1.42% on Monday, hitting $17.30. 194,784 shares of the company’s stock traded hands. Manchester United PLC has a 52-week low of $12.20 and a 52-week high of $19.34. The stock has a 50-day moving average of $17.12 and a 200-day moving average of $17.0. The company has a market cap of $2.834 billion and a price-to-earnings ratio of 69.92.
Manchester United PLC (NASDAQ:MANU) last released its earnings data on Wednesday, September 18th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.40) by $1.37. The company had revenue of $85.10 million for the quarter. During the same quarter in the previous year, the company posted ($0.10) earnings per share. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, analysts predict that Manchester United PLC will post $32.84 earnings per share for the current fiscal year.
Manchester United plc, formerly Manchester United Ltd., is engaged in the operations of professional sports team.
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