Manchester United PLC (NYSE:MANU)‘s stock had its “buy” rating reaffirmed by equities research analysts at Deutsche Bank AG in a report issued on Friday. They presently have a $19.00 price target on the stock, up from their previous price target of $18.00. Deutsche Bank AG’s target price would indicate a potential upside of 16.92% from the company’s previous close.
Several other research firms also recently commented on MANU. Zacks Investment Research downgraded shares of Manchester United PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, April 12th. Jefferies Group LLC restated a “buy” rating and issued a $19.00 price target on shares of Manchester United PLC in a research note on Monday, April 3rd.
Shares of Manchester United PLC (NYSE:MANU) traded up 1.85% during mid-day trading on Friday, hitting $16.55. 17,660 shares of the stock traded hands. The company’s 50 day moving average is $16.57 and its 200 day moving average is $15.85. The firm has a market capitalization of $2.71 billion, a P/E ratio of 151.83 and a beta of 0.47. Manchester United PLC has a one year low of $14.10 and a one year high of $17.55.
Manchester United PLC (NYSE:MANU) last released its quarterly earnings results on Tuesday, May 16th. The company reported ($0.05) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.05). Manchester United PLC had a net margin of 5.87% and a return on equity of 8.02%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $119.67 million. During the same period in the prior year, the company posted $0.07 earnings per share. Manchester United PLC’s revenue was up 931.8% compared to the same quarter last year. On average, equities analysts expect that Manchester United PLC will post $12.95 EPS for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the stock. Oxford Asset Management increased its stake in shares of Manchester United PLC by 21.0% in the first quarter. Oxford Asset Management now owns 20,558 shares of the company’s stock worth $347,000 after buying an additional 3,570 shares during the last quarter. Gabelli Funds LLC increased its stake in shares of Manchester United PLC by 6.9% in the first quarter. Gabelli Funds LLC now owns 31,000 shares of the company’s stock worth $524,000 after buying an additional 2,000 shares during the last quarter. Norman Fields Gottscho Capital Management LLC increased its stake in shares of Manchester United PLC 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 last quarter. Alyeska Investment Group L.P. purchased a new stake in shares of Manchester United PLC during the fourth quarter worth about $3,542,000. Finally, Two Sigma Investments LP increased its stake in shares of Manchester United PLC 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 last quarter. Institutional investors and hedge funds own 72.04% of the company’s stock.
Manchester United PLC 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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