Manchester United Ltd. (NYSE:MANU)‘s stock had its “buy” rating restated by analysts at Jefferies Group LLC in a research report issued to clients and investors on Wednesday. They presently have a $19.00 price target on the stock. Jefferies Group LLC’s price objective points to a potential upside of 16.21% from the company’s current price.

A number of other brokerages also recently issued reports on MANU. BidaskClub raised shares of Manchester United from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research downgraded shares of Manchester United from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 19th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $19.00 price target (up previously from $18.00) on shares of Manchester United in a report on Friday, May 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $19.85.

Shares of Manchester United (NYSE MANU) traded down 1.21% during mid-day trading on Wednesday, reaching $16.35. 26,758 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $16.78 and its 200-day moving average price is $16.55. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 147.30 and a beta of 0.53. Manchester United has a 12-month low of $14.10 and a 12-month high of $18.30.

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Institutional investors have recently modified their holdings of the company. Alliancebernstein L.P. boosted its position in shares of Manchester United by 6.1% in the second quarter. Alliancebernstein L.P. now owns 333,050 shares of the company’s stock valued at $5,412,000 after buying an additional 19,290 shares during the period. Clark Estates Inc. NY boosted its position in shares of Manchester United by 3.0% in the second quarter. Clark Estates Inc. NY now owns 79,298 shares of the company’s stock valued at $1,289,000 after buying an additional 2,300 shares during the period. K.J. Harrison & Partners Inc boosted its position in shares of Manchester United by 87.3% in the second quarter. K.J. Harrison & Partners Inc now owns 51,010 shares of the company’s stock valued at $829,000 after buying an additional 23,781 shares during the period. Norman Fields Gottscho Capital Management LLC boosted its position in shares of Manchester United by 9.7% in the second quarter. Norman Fields Gottscho Capital Management LLC now owns 177,150 shares of the company’s stock valued at $2,879,000 after buying an additional 15,625 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of Manchester United during the first quarter valued at $717,000. Hedge funds and other institutional investors own 73.12% of the company’s stock.

Manchester United Company Profile

Manchester United plc is engaged in the operation of a professional football club together with related and ancillary activities. Its football operations primarily comprise various activities, such as its first team, reserve team, youth academy, global scouting networks and other operations, such as its sport science, medical and fitness operations at the Aon Training Complex.

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