Micro Focus International (MCRO) Earns “Buy” Rating from Canaccord Genuity
Canaccord Genuity reiterated their buy rating on shares of Micro Focus International (LON:MCRO) in a report released on Tuesday. Canaccord Genuity currently has a GBX 2,880 ($38.57) target price on the stock.
A number of other equities research analysts have also weighed in on the company. Numis Securities restated a buy rating and set a GBX 2,800 ($37.50) price objective on shares of Micro Focus International in a research note on Friday, September 8th. Credit Suisse Group restated an underperform rating and set a GBX 1,942 ($26.01) price objective on shares of Micro Focus International in a research note on Monday, November 6th. Deutsche Bank lowered Micro Focus International to a hold rating and set a GBX 2,800 ($37.50) price objective for the company. in a research note on Monday. Barclays restated an overweight rating and set a GBX 2,600 ($34.82) price objective on shares of Micro Focus International in a research note on Monday, July 31st. Finally, Citigroup restated a neutral rating and set a GBX 2,430 ($32.54) price objective on shares of Micro Focus International in a research note on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of GBX 2,518.20 ($33.72).
Shares of Micro Focus International (MCRO) traded down GBX 42 ($0.56) during midday trading on Tuesday, reaching GBX 2,447 ($32.77). The company’s stock had a trading volume of 696,446 shares, compared to its average volume of 1,180,000. Micro Focus International has a 12-month low of GBX 26.78 ($0.36) and a 12-month high of GBX 2,749 ($36.82).
In other news, insider Kevin Loosemore bought 30,000 shares of Micro Focus International stock in a transaction on Friday, September 22nd. The shares were bought at an average price of GBX 2,426 ($32.49) per share, with a total value of £727,800 ($974,688.63).
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About Micro Focus International
Micro Focus International plc is a United Kingdom-based global software company. The Company is engaged in delivering and supporting software solutions. The Company enables customers to utilize new technology solutions while maximizing the value of their investments in information technology (IT) infrastructure and business applications.
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