Micro Focus International’s (MCRO) Overweight Rating Reaffirmed at Barclays
Micro Focus International (LON:MCRO)‘s stock had its “overweight” rating reissued by analysts at Barclays in a research report issued on Tuesday. They presently have a GBX 1,500 ($20.72) target price on the stock. Barclays’ price target suggests a potential upside of 56.90% from the company’s previous close.
A number of other research firms also recently weighed in on MCRO. Numis Securities downgraded shares of Micro Focus International to an “add” rating and set a GBX 2,980 ($41.17) target price for the company. in a research report on Monday, January 8th. JPMorgan Chase & Co. cut their price target on Micro Focus International from GBX 2,700 ($37.30) to GBX 2,500 ($34.54) and set a “neutral” rating on the stock in a report on Wednesday, January 17th. Credit Suisse Group upgraded Micro Focus International to a “neutral” rating and cut their price target for the stock from GBX 1,975 ($27.29) to GBX 1,200 ($16.58) in a report on Tuesday. Goldman Sachs began coverage on Micro Focus International in a report on Wednesday, December 13th. They issued a “neutral” rating and a GBX 2,600 ($35.92) target price on the stock. Finally, Canaccord Genuity reiterated a “buy” rating and issued a GBX 2,880 ($39.79) target price on shares of Micro Focus International in a report on Tuesday, November 28th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Micro Focus International has an average rating of “Hold” and an average target price of GBX 1,445 ($19.96).
Micro Focus International (LON:MCRO) traded up GBX 44.20 ($0.61) during trading hours on Tuesday, reaching GBX 956 ($13.21). 2,882,702 shares of the company’s stock were exchanged, compared to its average volume of 1,560,000. The firm has a market cap of $8,280.00 and a P/E ratio of 1,951.02. Micro Focus International has a twelve month low of GBX 26.78 ($0.37) and a twelve month high of GBX 2,970.50 ($41.04).
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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