Analysis: Manchester United (NYSE:MANU) Stock Target Has Just Been Increased Today
In a comprehensive report revealed to clients and investors by JP Morgan on Thursday, 10 December, the firm, Manchester United (NYSE:MANU), had their TP downgraded to $21.60. Analusts right now have a solid Overweight rating on the stock.
From a total of 5 analysts covering Manchester United Ltd. (NYSE:MANU) stock, 3 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 60% of the ratings are positive. The highest target price is $1666 while the lowest target price is $1332.8. The mean of all analyst targets is $1460.75 with a 22.62% above today’s ($18.35) stock price. Manchester United Ltd. was the topic of 4 analyst reports since September 18, 2015 according to the firm StockzIntelligence Inc. Jefferies maintained shares on September 18 with “Buy” rating.
Approximately 36,485 shares of stock traded hands. Manchester United PLC (NYSE:MANU) has risen 20.92% since May 7, 2015 and is uptrending. It has outperformed by 22.85% the S&P500.
The overall sentiment of institutions has increased to 0.76 in Q2 2015. Its up 0.38, from 0.38 in 2015Q2. The ratio improved, as 4 institutions have sold all the shares of Manchester United PLC that they owned while 13 funds have taken shares off the table. 7 funds have purchased shares for the first time while 6 added to their positions. These institutions now hold 29.94 million shares or 8.84% more than the 27.51 million shares they owned in 2015Q2.
The Fund Lomas Capital Management Llc currently is holding shares equating to 1.95% of its total portfolio in Manchester United PLC representing a total of 660,000 shares. Another fund,Jupiter Asset Management Ltd, is holding a total of 2.72 million shares equating to 1.83% of their holdings. Additionally, Mark Asset Management Corp has a 315,687 share stake in Manchester United PLC which represents 1.58% of their total portfolio. The Fund, Bamco Inc Ny, based out of New York, has also built up a stake in the stock, which represents a total of 1.24% of their total portfolio. Finally Lansdowne Partners (Uk) Llp, a fund which is based in the state of United Kingdom reported a total holdings of 3.93 million shares.
Manchester United plc, formerly Manchester United Ltd. operates a professional sports team. The company has a market cap of $3.02 billion. The Firm plays spectator sports. It currently has negative earnings. It offers its services in commercial, broadcasting and matchday sectors.
According to Zacks Investment Research, “Manchester United PLC operates a professional sports team. The Company manages the soccer team and all affiliated club activities of the Manchester United Football Club that includes the media network, foundation, fan zone, news and sports features, and team merchandise. Manchester United PLC is based in Manchester, United Kingdom.” Get a free copy of the Zacks research report on Manchester United PLC (MANU).