Last Updated: 16 Sep 2024
Executive Summary
Manchester United Ltd (MANU) is a publicly traded company that owns and operates a professional sports team in the UK. The company has a market capitalization of $27.51 billion and trades on the NYSE. The stock price is currently $16.25, which is below the analyst target price of $20.29. The company has a strong balance sheet and is expected to continue to grow in the future.
Company Overview
Manchester United is one of the most successful football clubs in the world. The club has won a record 20 league titles, 12 FA Cups, and 3 European Cups. The club is headquartered in Manchester, England and has a global fan base of over 650 million people.
Fundamental Analysis
Manchester United's financial performance has been mixed in recent years. The company's revenue has declined in each of the past three years. However, the company's EBITDA has remained relatively stable. The company's net income has also declined in recent years, due to a number of factors, including increased player wages and transfer fees.
The company's balance sheet is strong. The company has a low level of debt and a high level of cash on hand. The company's book value is $0.856 per share.
Technical Analysis
The technical analysis of Manchester United's stock price indicates that the stock is in a downtrend. The stock price has been below its 50-day and 200-day moving averages for the past several months. The stock price is also below its 52-week low of $13.50.
Short Term Outlook
The short-term outlook for Manchester United's stock price is negative. The stock price is in a downtrend and is below its key moving averages. The stock price is also below its 52-week low.
Long Term Outlook
The long-term outlook for Manchester United's stock price is positive. The company has a strong brand and a global fan base. The company is also expected to benefit from the growth of the football industry in the coming years.
Analyst Recommendations
The majority of analysts have a "hold" rating on Manchester United's stock. The average analyst target price is $20.29.
