Manchester United PLC (MANU) Receives Average Recommendation of “Hold” from Analysts
Shares of Manchester United PLC (NYSE:MANU) have earned a consensus recommendation of “Hold” from the six analysts that are covering the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $20.70.
A number of research firms have weighed in on MANU. Jefferies Group decreased their price target on shares of Manchester United PLC from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, August 16th. Zacks Investment Research downgraded shares of Manchester United PLC from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 18th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. K.J. Harrison & Partners Inc acquired a new position in Manchester United PLC during the second quarter worth about $159,000. Acrospire Investment Management LLC acquired a new position in Manchester United PLC during the first quarter worth about $169,000. UBS Group AG boosted its position in Manchester United PLC by 22.8% in the first quarter. UBS Group AG now owns 287,617 shares of the company’s stock worth $4,154,000 after buying an additional 53,402 shares in the last quarter. GSA Capital Partners LLP boosted its position in Manchester United PLC by 18.9% in the second quarter. GSA Capital Partners LLP now owns 22,135 shares of the company’s stock worth $353,000 after buying an additional 3,514 shares in the last quarter. Finally, Chesapeake Asset Management LLC acquired a new position in Manchester United PLC during the second quarter worth about $452,000. 72.10% of the stock is owned by institutional investors and hedge funds.
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Manchester United PLC (NYSE:MANU) traded down 1.13% during trading on Wednesday, reaching $15.82. 51,901 shares of the company’s stock traded hands. The firm’s 50 day moving average is $16.94 and its 200-day moving average is $16.27. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 56.30 and a beta of 0.43. Manchester United PLC has a 12 month low of $13.30 and a 12 month high of $19.74.
Manchester United PLC (NYSE:MANU) last posted its quarterly earnings results on Monday, September 12th. The company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $6.50 by $6.43. Manchester United PLC had a return on equity of 8.39% and a net margin of 7.23%. The business had revenue of $134.50 million for the quarter. During the same quarter in the prior year, the company earned $0.01 EPS. Manchester United PLC’s quarterly revenue was up 27.1% on a year-over-year basis. Analysts expect that Manchester United PLC will post $5.40 EPS for the current fiscal year.
About Manchester United PLC
Manchester United plc, formerly Manchester United Ltd. operates a professional sports team. The Company plays spectator sports. It offers its services in commercial, broadcasting and matchday sectors. Within the commercial sector, it is engaged in sponsorship; retail, merchandising, apparel and product licensing, and mobile and content.
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