Manchester United PLC Reaches New 12-Month Low at $14.81 (MANU)
Manchester United PLC (NASDAQ:MANU)’s share price reached a new 52-week low during mid-day trading on Wednesday, American Banking News reports. The stock traded as low as $14.81 and last traded at $14.98, with a volume of 50,184 shares traded. The stock had previously closed at $15.05.
MANU has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Manchester United PLC from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $15.50 price target on the stock. Separately, 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. Finally, 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $18.00.
Manchester United PLC has a 52-week low of $14.77 and a 52-week high of $19.34. The stock’s 50-day moving average is $15.90 and its 200-day moving average is $16.65. The company has a market cap of $2.428 billion and a P/E ratio of 12.22.
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.
Manchester United plc, formerly Manchester United Ltd., is engaged in the operations of professional sports team.
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