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Manchester United PLC (NASDAQ:MANU) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Friday. The firm currently has a $17.40 price target on the stock. Zacks‘s price target points to a potential upside of 2.35% from the stock’s previous close.

Manchester United PLC (NASDAQ:MANU) traded up 1.35% during mid-day trading on Friday, hitting $17.23. 157,110 shares of the company’s stock traded hands. Manchester United PLC has a one year low of $14.26 and a one year high of $19.97. The stock has a 50-day moving average of $18.21 and a 200-day moving average of $16.69. The company has a market cap of $2.822 billion and a price-to-earnings ratio of 12.17.

Manchester United PLC (NASDAQ:MANU) last posted its earnings data on Thursday, May 15th. The company reported $6.66 EPS for the quarter, beating the Thomson Reuters consensus estimate of $4.50 by $2.16. Analysts expect that Manchester United PLC will post $16.33 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on MANU. Analysts at Nomura raised their price target on shares of Manchester United PLC from $16.00 to $17.00 in a research note on Tuesday, July 15th. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Manchester United PLC from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 29th. They now have a $17.50 price target on the stock, down previously from $18.90. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $17.73.

Manchester United plc, formerly Manchester United Ltd., is engaged in the operations of professional sports team.

To view Zacks’ full report, visit Zacks’ official website.

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