Investment analysts at UBS Group started coverage on shares of Manchester United (NYSE:MANU - Get Free Report) in a report issued on Tuesday, MarketBeat Ratings reports. The firm set a "buy" rating and a $23.00 price target on the stock. UBS Group's price objective indicates a potential upside of 26.10% from the stock's current price.
Separately, StockNews.com upgraded shares of Manchester United to a "sell" rating in a report on Wednesday, December 4th.
Read Our Latest Report on Manchester United
Manchester United Stock Up 3.2 %
Shares of MANU stock traded up $0.56 during trading on Tuesday, reaching $18.24. The company's stock had a trading volume of 343,965 shares, compared to its average volume of 687,630. The company has a debt-to-equity ratio of 3.25, a current ratio of 0.36 and a quick ratio of 0.35. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of -27.64 and a beta of 0.68. The stock's 50-day moving average price is $16.85 and its 200 day moving average price is $16.72. Manchester United has a 1-year low of $13.50 and a 1-year high of $22.00.
Hedge Funds Weigh In On Manchester United
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. acquired a new stake in Manchester United in the 3rd quarter valued at about $49,000. Emfo LLC purchased a new position in shares of Manchester United during the 2nd quarter worth about $50,000. Nkcfo LLC purchased a new position in shares of Manchester United during the 2nd quarter worth about $113,000. Verition Fund Management LLC purchased a new position in shares of Manchester United during the 3rd quarter worth about $209,000. Finally, PDT Partners LLC purchased a new position in shares of Manchester United during the 3rd quarter worth about $274,000. 23.34% of the stock is owned by institutional investors and hedge funds.
About Manchester United
(
Get Free Report)
Manchester United plc, together with its subsidiaries, owns and operates a professional sports team in the United Kingdom. It operates Manchester United Football Club, a professional football club. The company develops marketing and sponsorship relationships with international and regional companies to leverage its brand.
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