Manchester United PLC (MANU) Receives Consensus Rating of “Buy” from Analysts
Manchester United PLC (NYSE:MANU) has earned a consensus rating of “Buy” from the seven brokerages that are currently covering the stock. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $21.38.
Several equities research analysts recently issued reports on MANU shares. Gabelli started coverage on shares of Manchester United PLC in a research note on Monday, October 17th. They set a “buy” rating and a $23.40 price target on the stock. Jefferies Group reaffirmed a “buy” rating on shares of Manchester United PLC in a research note on Monday, August 29th. Finally, Zacks Investment Research raised shares of Manchester United PLC from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 15th.
Shares of Manchester United PLC (NYSE:MANU) opened at 15.20 on Wednesday. The stock has a market capitalization of $2.49 billion, a PE ratio of 61.04 and a beta of 0.49. The stock has a 50 day moving average of $15.96 and a 200-day moving average of $16.43. Manchester United PLC has a one year low of $13.30 and a one year high of $19.05.
Manchester United PLC (NYSE:MANU) last released its quarterly earnings results on Thursday, November 17th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($5.60) by $5.61. Manchester United PLC had a net margin of 6.71% and a return on equity of 8.34%. The firm had revenue of $120.20 million for the quarter, compared to the consensus estimate of $114.69 million. During the same quarter in the previous year, the firm posted $0.02 EPS. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. Equities analysts predict that Manchester United PLC will post $5.19 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in MANU. Goldman Sachs Group Inc. raised its position in shares of Manchester United PLC by 100.4% in the first quarter. Goldman Sachs Group Inc. now owns 131,531 shares of the company’s stock valued at $1,899,000 after buying an additional 65,899 shares in the last quarter. Lomas Capital Management LLC raised its position 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 in the last quarter. Morgan Stanley raised its position in shares of Manchester United PLC by 49.7% in the third quarter. Morgan Stanley now owns 124,775 shares of the company’s stock valued at $2,107,000 after buying an additional 41,422 shares in the last quarter. Chesapeake Asset Management LLC bought a new position in shares of Manchester United PLC during the second quarter valued at $452,000. Finally, Emerald Acquisition Ltd. bought a new position in shares of Manchester United PLC during the second quarter valued at $380,000. 72.17% of the stock is owned by institutional investors.
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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