Manchester United PLC Rating Increased to Neutral at Zacks (MANU)
Manchester United PLC (NASDAQ:MANU) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a note issued to investors on Tuesday, AnalystRatings.NET reports. The firm currently has a $15.50 price target on the stock. Zacks‘ target price would suggest a potential upside of 2.24% from the stock’s previous close.
Manchester United PLC (NASDAQ:MANU) traded down 0.86% on Tuesday, hitting $15.03. 27,899 shares of the company’s stock traded hands. Manchester United PLC has a 52-week low of $14.47 and a 52-week high of $19.34. The stock’s 50-day moving average is $16.01 and its 200-day moving average is $16.67. The company has a market cap of $2.462 billion and a price-to-earnings ratio of 12.31.
Manchester United PLC (NASDAQ:MANU) last released its earnings data on Thursday, November 14th. The company reported $0.01 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.01. The company had revenue of $98.50 million for the quarter. During the same quarter last year, the company posted $0.13 earnings per share. Manchester United PLC’s revenue was up 29.1% compared to the same quarter last year. Analysts expect that Manchester United PLC will post $20.71 EPS for the current fiscal year.
A number of other firms have also recently commented on MANU. Analysts at Raymond James cut their price target on shares of Manchester United PLC from $19.00 to $17.50 in a research note to investors on Friday, November 15th. Analysts at Nomura reiterated a “neutral” rating on shares of Manchester United PLC in a research note to investors on Wednesday, November 13th. They now have a $18.00 price target on the stock, down previously from $18.80. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $18.00.
Manchester United plc, formerly Manchester United Ltd., is engaged in the operations of professional sports team.
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