Manchester United Reaches Analyst Target Price
September 24, 2021 at 08:27 AM EDT
In recent trading, shares of Manchester United plc (MANU) have crossed above the average analyst 12-month target price of $18.67, changing hands for $19.38/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..