Micro Focus International (MCRO) Hits New 52-Week Low at $1,975.50
Micro Focus International plc (LON:MCRO)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 1,975.50 ($27.29) and last traded at GBX 1,988 ($27.47), with a volume of 1030130 shares trading hands. The stock had previously closed at GBX 2,017 ($27.87).
Several equities research analysts recently commented on the stock. Numis Securities lowered shares of Micro Focus International to an “add” rating and set a GBX 2,980 ($41.17) price target for the company. in a report on Monday, January 8th. JPMorgan Chase & Co. cut their price target on shares of Micro Focus International from GBX 2,700 ($37.30) to GBX 2,500 ($34.54) and set a “neutral” rating for the company in a report on Wednesday, January 17th. Goldman Sachs Group assumed coverage on shares of Micro Focus International in a report on Wednesday, December 13th. They issued a “neutral” rating and a GBX 2,600 ($35.92) price target for the company. Canaccord Genuity reissued a “buy” rating and issued a GBX 2,880 ($39.79) price target on shares of Micro Focus International in a report on Tuesday, November 28th. Finally, Barclays boosted their price target on shares of Micro Focus International from GBX 2,600 ($35.92) to GBX 2,750 ($37.99) and gave the stock an “overweight” rating in a report on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 2,486.20 ($34.35).
The company has a market capitalization of $8,660.00 and a price-to-earnings ratio of 4,057.14.
In other Micro Focus International news, insider Darren Roos bought 3,101 shares of the company’s stock in a transaction dated Wednesday, January 10th. The stock was acquired at an average price of GBX 2,257 ($31.18) per share, with a total value of £69,989.57 ($96,697.39).
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Micro Focus International Company Profile
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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