Stock Analysis:Manchester United (NYSE:MANU) Stock Target Has Just Been Increased
In analysts note disseminated by Nomura on 3 December, Manchester United (NYSE:MANU) had its target PPS increased to $22.00. The firm at present has a solid “Neutral” rating on shares.
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 $1652.77 while the lowest target price is $1322.22. The mean of all analyst targets is $1441.22 with a 22.28% above today’s ($18.54) stock price. Manchester United Ltd. was the topic of 3 analyst reports since September 18, 2015 according to the firm StockzIntelligence Inc. Jefferies maintained shares on September 18 with “Buy” rating.
Approximately 12,638 shares of stock traded hands. Manchester United PLC (NYSE:MANU) has risen 19.20% since April 30, 2015 and is uptrending. It has outperformed by 19.49% the S&P500.
Manchester United plc, formerly Manchester United Ltd. operates a professional sports team. The company has a market cap of $3.01 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).