Manchester United PLC (MANU) Now Covered by Analysts at Gabelli
Analysts at Gabelli began coverage on shares of Manchester United PLC (NYSE:MANU) in a note issued to investors on Monday. The firm set a “buy” rating and a $23.40 price target on the stock. Gabelli’s target price would suggest a potential upside of 47.54% from the stock’s previous close.
A number of other brokerages have also recently issued reports on MANU. Jefferies Group reaffirmed a “buy” rating on shares of Manchester United PLC in a report on Monday, August 29th. Zacks Investment Research cut Manchester United PLC from a “hold” rating to a “strong sell” rating in a report on Thursday, August 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $20.92.
Shares of Manchester United PLC (NYSE:MANU) traded up 0.25% during midday trading on Monday, reaching $15.90. The company had a trading volume of 2,727 shares. The stock’s 50 day moving average is $16.86 and its 200-day moving average is $16.27. The stock has a market capitalization of $2.61 billion, a PE ratio of 56.58 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.
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Manchester United PLC (NYSE:MANU) last issued its earnings results on Monday, September 12th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm earned $134.50 million during the quarter. During the same period in the previous year, the firm posted $0.01 earnings per share. The firm’s quarterly revenue was up 27.1% on a year-over-year basis. On average, equities research analysts predict that Manchester United PLC will post $5.40 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the stock. Lomas Capital Management LLC raised its stake in shares of Manchester United PLC by 7.5% in the second quarter. Lomas Capital Management LLC now owns 812,764 shares of the company’s stock valued at $12,948,000 after buying an additional 56,357 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Manchester United PLC during the second quarter valued at approximately $243,000. Janus Capital Management LLC raised its stake in shares of Manchester United PLC by 1.2% in the second quarter. Janus Capital Management LLC now owns 1,195,628 shares of the company’s stock valued at $19,046,000 after buying an additional 14,632 shares during the last quarter. Roundview Capital LLC raised its stake in shares of Manchester United PLC by 2.2% in the second quarter. Roundview Capital LLC now owns 18,525 shares of the company’s stock valued at $295,000 after buying an additional 400 shares during the last quarter. Finally, Chesapeake Asset Management LLC acquired a new stake in shares of Manchester United PLC during the second quarter valued at approximately $452,000. Institutional investors own 72.10% of the company’s stock.
Manchester United PLC Company Profile
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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