Manchester United PLC (MANU) Receives $20.70 Average Price Target from Brokerages
Manchester United PLC (NYSE:MANU) has been given an average recommendation of “Hold” by the six analysts that are currently covering the company. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $20.70.
A number of equities research analysts have issued reports on MANU shares. Jefferies Group reissued a “buy” rating on shares of Manchester United PLC in a report on Monday, August 29th. Zacks Investment Research cut shares of Manchester United PLC from a “hold” rating to a “strong sell” rating in a report on Thursday, August 18th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MANU. Lomas Capital Management LLC boosted its position in 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 bought a new position in shares of Manchester United PLC during the second quarter valued at about $243,000. Janus Capital Management LLC raised its position 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 period. Roundview Capital LLC raised its position 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 period. Finally, Chesapeake Asset Management LLC bought a new position in shares of Manchester United PLC during the second quarter valued at about $452,000. 72.10% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Manchester United PLC (NYSE:MANU) opened at 15.86 on Wednesday. The company’s 50 day moving average price is $16.86 and its 200 day moving average price is $16.27. Manchester United PLC has a 12-month low of $13.30 and a 12-month high of $19.74. The firm has a market cap of $2.60 billion, a P/E ratio of 56.44 and a beta of 0.43.
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 net margin of 7.23% and a return on equity of 8.39%. The business had revenue of $134.50 million for the quarter. During the same quarter last year, the firm earned $0.01 earnings per share. Manchester United PLC’s revenue for the quarter was up 27.1% on a year-over-year basis. Equities research analysts forecast that Manchester United PLC will post $5.40 EPS for the current year.
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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