Micro Focus International (MCRO) Stock Rating Lowered by Numis Securities
Micro Focus International (LON:MCRO) was downgraded by research analysts at Numis Securities to an “add” rating in a research report issued to clients and investors on Monday. They currently have a GBX 2,980 ($40.41) target price on the stock. Numis Securities’ price objective suggests a potential upside of 32.09% from the stock’s current price.
MCRO has been the subject of a number of other research reports. Credit Suisse Group reaffirmed an “underperform” rating and issued a GBX 1,942 ($26.34) target price on shares of Micro Focus International in a report on Monday, November 6th. Citigroup reaffirmed a “neutral” rating on shares of Micro Focus International in a report on Friday, January 5th. Barclays reaffirmed an “overweight” rating and issued a GBX 2,600 ($35.26) target price on shares of Micro Focus International in a report on Wednesday, December 20th. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 2,800 ($37.97) target price on shares of Micro Focus International in a report on Thursday, October 5th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 2,880 ($39.06) target price on shares of Micro Focus International in a report on Tuesday, November 28th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 2,536.20 ($34.39).
Micro Focus International (MCRO) opened at GBX 2,256.10 ($30.60) on Monday. 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). The stock has a market capitalization of $9,900.00 and a PE ratio of 4,512.20.
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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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