Manchester United shares are a less attractive investment after INEOS deal - broker
MANUManchester United(MANU) Proactive Investors·2024-03-14 20:33

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. It comes after the Manchester football club on Tuesday reported its second quarter earnings, showing record sales of £225.8 million, and ...