MANU Stock Recent News

Manchester United (MANU) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Manchester United Plc (NYSE:MANU) shares represent a significantly less attractive investment in the wake of Sir Jim Ratcliffe's INEOS taking its influential stake in the business, that's according to analysts at Deutsche Bank. The German bank, in a note, has cut its share price target to $16.00 from $20.30 - versus a market price of $14.67 – and retained a ‘hold' rating.

Manchester United Plc (NYSE:MANU) said it's relying on new co-owner Jim Ratcliffe to help the club “deliver success on the pitch”, while management continues to deliver record revenues. Sales during the group's second quarter, which covered the three months to 31 December 2023, reached a record £225.8 million as the football team continues to enjoy the financial benefits of UEFA Champions League participation.

Manchester United's (MANU) second-quarter fiscal 2024 results are expected to reflect solid contributions from its reportable line of businesses, along with high costs and expenses.

Manchester United's share price has fallen rapidly since Sir Jim Ratcliffe's investment was completed last month.

Manchester United's new billionaire owner Jim Ratcliffe says he won't simply get his checkbook out to solve the club's problems. "That's proven many, many times not to end well," he adds.

"Do you have confidence in the manager?" Manchester United's new owner Jim Ratcliffe tells Bloomberg that "this is not about" manager Erik ten Hag, as speculation continues about the billionaire's future plans for the team Read more: https://bloom.bg/48o72Vn

New Manchester United co-owner Jim Ratcliffe discusses his sole objective for the English soccer club and says return on investment has nothing do with his decision to invest.

New Manchester United co-owner Jim Ratcliffe said on Friday that return on investment had nothing to do with his decision to invest in the English soccer giant.

British billionaire James Ratcliffe purchased a 25% stake in Premier League team Manchester United on Tuesday, marking the completion of a $1.3 billion deal that comes months after Qatari official Sheikh Jassim bin Hamad Al Thani withdrew a $6 billion bid for the club.