Micro Focus International (MCRO) Stock Rating Lowered by Numis Securities
Micro Focus International (LON:MCRO) was downgraded by analysts at Numis Securities to a “hold” rating in a research report issued to clients and investors on Monday. They presently have a GBX 2,010 ($27.77) price objective on the stock. Numis Securities’ price objective points to a potential upside of 102.74% from the stock’s current price.
A number of other analysts also recently weighed in on the company. Canaccord Genuity decreased their price objective on Micro Focus International from GBX 2,880 ($39.79) to GBX 2,800 ($38.68) and set a “buy” rating for the company in a report on Thursday, January 25th. Citigroup restated a “neutral” rating on shares of Micro Focus International in a report on Friday, January 5th. Barclays restated an “overweight” rating and issued a GBX 2,600 ($35.92) price objective on shares of Micro Focus International in a report on Wednesday, December 20th. Credit Suisse Group restated an “underperform” rating and issued a GBX 1,942 ($26.83) price objective on shares of Micro Focus International in a report on Monday, November 20th. Finally, Deutsche Bank downgraded Micro Focus International to a “hold” rating and set a GBX 2,800 ($38.68) price objective for the company. in a report on Monday, November 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of GBX 1,585 ($21.90).
Micro Focus International stock opened at GBX 991.40 ($13.70) on Monday. The stock has a market cap of $8,280.00 and a price-to-earnings ratio of 2,023.27. Micro Focus International has a 1-year low of GBX 26.78 ($0.37) and a 1-year high of GBX 2,970.50 ($41.04).
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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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