Manchester United Receives Buy Rating as Champions League Aspirations Grow

Manchester United Plc has been given a 'buy' rating by UBS analysts, who are confident in the club's potential to regain its status among the top teams in English and European football. UBS highlights the club's strong revenue base and emphasizes that the new management's focus on cost management could lead to investments that improve sporting performance and achieve net profitability.

The analysts project that revenues could reach £800 million if the club returns to the Champions League. They believe that the appointment of Ruben Amorim as head coach is a crucial moment for the club, although improvements may take time. UBS expects Manchester United's financial strength to enable a turnaround in performance, with Champions League participation anticipated by the 2028 season. UBS also mentions long-term plans for a full redevelopment of Old Trafford, which could generate approximately £200 million in additional revenue.

The share price target is set at $23, with shares trading up 0.1% at $17.70 in pre-market activity on Tuesday.

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings