Micro Focus International plc (LON:MCRO) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 2,702 ($35.54) and last traded at GBX 2,702 ($35.54), with a volume of 1282340 shares trading hands. The stock had previously closed at GBX 2,702 ($35.54).

A number of brokerages recently weighed in on MCRO. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 2,800 ($36.83) price target on shares of Micro Focus International plc in a research report on Thursday, October 5th. Credit Suisse Group reiterated an “underperform” rating and issued a GBX 1,921 ($25.27) price target on shares of Micro Focus International plc in a research report on Friday, September 8th. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 2,800 ($36.83) price target on shares of Micro Focus International plc in a research report on Friday, September 8th. Citigroup Inc. reiterated a “neutral” rating and issued a GBX 2,430 ($31.96) price target on shares of Micro Focus International plc in a research report on Thursday, September 7th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 2,700 ($35.51) price target on shares of Micro Focus International plc in a research report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 2,518.20 ($33.12).

In other Micro Focus International plc news, insider Kevin Loosemore bought 30,000 shares of the stock in a transaction that occurred on Friday, September 22nd. The stock was acquired at an average cost of GBX 2,426 ($31.91) per share, with a total value of £727,800 ($957,253.72).

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Micro Focus International plc 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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