Micro Focus International (MCRO) PT Raised to GBX 2,750
Micro Focus International (LON:MCRO) had its price objective raised by Barclays from GBX 2,600 ($35.26) to GBX 2,750 ($37.29) in a note issued to investors on Tuesday. The brokerage currently has an “overweight” rating on the stock. Barclays’ target price points to a potential upside of 21.20% from the company’s previous close.
Other equities analysts have also recently issued research reports about the company. Numis Securities cut Micro Focus International to an “add” rating and set a GBX 2,980 ($40.41) target price for the company. in a report on Monday. Deutsche Bank reissued a “buy” rating and set a GBX 2,800 ($37.97) target price on shares of Micro Focus International in a report on Thursday, October 5th. Canaccord Genuity reissued a “buy” rating and set a GBX 2,880 ($39.06) target price on shares of Micro Focus International in a report on Tuesday, November 28th. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 2,700 ($36.62) target price on shares of Micro Focus International in a report on Monday, October 16th. Finally, Citigroup reissued a “neutral” rating on shares of Micro Focus International in a report on Friday, January 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Micro Focus International has a consensus rating of “Hold” and an average target price of GBX 2,551.20 ($34.60).
Micro Focus International (LON:MCRO) opened at GBX 2,269 ($30.77) on Tuesday. The firm has a market capitalization of $9,900.00 and a PE ratio of 4,538.00. Micro Focus International has a fifty-two week low of GBX 26.78 ($0.36) and a fifty-two week high of GBX 2,970.50 ($40.28).
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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