Manchester United shares concede ground after seventh straight annual loss

** Manchester United MANU.N shares fall ~3% to $19.9 premarket on Wednesday after forecasting higher fiscal 2027 revenue but reporting a seventh consecutive annual loss

** Co expects fiscal 2027 revenue of 740 mln-760 mln pounds ($1.01 billion), helped by its qualification for this season's Champions League, but its annual net loss widened to 43 mln pounds from 33 mln pounds a year ago

** YTD, MANU has surged about 28.8% vs a 13.4% rise for the S&P 500 .SPX

** The stock is currently trading about 16% below its 52-week intraday high of $24.45 reached on August 14 - LSEG-compiled data

** The median price target among 2 analysts covering the stock is $23.5; the average rating is 'buy' - LSEG-compiled data

($1 = 0.7530 pounds)