Share on StockTwits

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.