Jefferies Group LLC reaffirmed their buy rating on shares of Manchester United Ltd. (NYSE:MANU) in a research report released on Friday, July 14th. They currently have a $19.00 target price on the stock.

Other research analysts have also issued research reports about the company. 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 research report on Friday, May 19th. Zacks Investment Research raised Manchester United from a hold rating to a buy rating and set a $18.00 price target for the company in a research report on Thursday, May 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $19.85.

Manchester United (MANU) opened at 17.35 on Friday. The stock’s 50 day moving average price is $16.61 and its 200 day moving average price is $16.47. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 157.73 and a beta of 0.53. Manchester United has a 52-week low of $14.10 and a 52-week high of $17.80.

Manchester United (NYSE:MANU) last issued its earnings results on Tuesday, May 16th. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $119.67 million. Manchester United had a return on equity of 4.36% and a net margin of 2.51%. Manchester United’s quarterly revenue was up 931.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.07 EPS. On average, equities analysts anticipate that Manchester United will post $16.02 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of MANU. Alliancebernstein L.P. increased its stake in shares of Manchester United by 118.7% in the first quarter. Alliancebernstein L.P. now owns 313,760 shares of the company’s stock valued at $5,303,000 after buying an additional 170,273 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Manchester United by 47.8% in the fourth quarter. Renaissance Technologies LLC now owns 382,700 shares of the company’s stock valued at $5,453,000 after buying an additional 123,780 shares in the last quarter. Norman Fields Gottscho Capital Management LLC increased its position in Manchester United by 110.7% in the first quarter. Norman Fields Gottscho Capital Management LLC now owns 161,525 shares of the company’s stock worth $2,730,000 after buying an additional 84,875 shares during the period. Jane Street Group LLC purchased a new position in Manchester United during the first quarter worth about $717,000. Finally, Two Sigma Investments LP increased its position in Manchester United by 295.0% in the fourth quarter. Two Sigma Investments LP now owns 41,736 shares of the company’s stock worth $595,000 after buying an additional 31,169 shares during the period. 73.17% of the stock is owned by institutional investors.

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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