Micro Focus International (LON:MCRO) Price Target Cut to GBX 1,530 by Analysts at UBS Group
Micro Focus International (LON:MCRO) had its target price decreased by UBS Group from GBX 2,050 ($26.79) to GBX 1,530 ($19.99) in a research note published on Tuesday morning, Digital Look reports. UBS Group currently has a buy rating on the stock.
MCRO has been the topic of several other reports. Barclays reaffirmed an equal weight rating on shares of Micro Focus International in a report on Monday, July 22nd. Citigroup reaffirmed a sell rating and set a GBX 1,700 ($22.21) target price on shares of Micro Focus International in a report on Wednesday, July 10th. Goldman Sachs Group lowered their target price on shares of Micro Focus International from GBX 2,290 ($29.92) to GBX 2,200 ($28.75) and set a neutral rating on the stock in a report on Tuesday, May 28th. Finally, Numis Securities reaffirmed a buy rating and set a GBX 2,350 ($30.71) target price on shares of Micro Focus International in a report on Thursday, May 16th. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and an average target price of GBX 1,812.71 ($23.69).
Shares of MCRO opened at GBX 1,094.60 ($14.30) on Tuesday. Micro Focus International has a 12 month low of GBX 1,026.60 ($13.41) and a 12 month high of GBX 2,174.50 ($28.41). The firm’s 50 day moving average is GBX 1,563.83 and its 200-day moving average is GBX 1,830.36. The stock has a market capitalization of $3.68 billion and a PE ratio of 2.64. The company has a current ratio of 0.92, a quick ratio of 0.90 and a debt-to-equity ratio of 67.68.
In other news, insider Kevin Loosemore sold 435,342 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of GBX 1,736 ($22.68), for a total transaction of £7,557,537.12 ($9,875,260.84).
About Micro Focus International
Micro Focus International plc, an infrastructure software company, develops, sells, and supports software products and solutions to small and medium size enterprises. The company offers infrastructure software products that are managed on an investment portfolio. Its product portfolio includes application modernization and connectivity, application delivery management, and IT operations management, as well as security, information management, and Governance.
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