Micro Focus International plc (MCRO) Price Target Raised to GBX 2,800
Micro Focus International plc (LON:MCRO) had its price objective lifted by stock analysts at Numis Securities Ltd from GBX 2,740 ($35.44) to GBX 2,800 ($36.21) in a report released on Friday. The firm presently has a “buy” rating on the stock. Numis Securities Ltd’s target price would indicate a potential upside of 23.19% from the stock’s previous close.
Several other brokerages have also issued reports on MCRO. Deutsche Bank AG lowered their price target on shares of Micro Focus International plc from GBX 2,900 ($37.51) to GBX 2,800 ($36.21) and set a “buy” rating on the stock in a research note on Thursday, June 29th. Barclays PLC reiterated an “overweight” rating and issued a GBX 2,600 ($33.63) price target on shares of Micro Focus International plc in a research note on Thursday, July 13th. Citigroup Inc. reiterated a “neutral” rating and issued a GBX 2,215 ($28.65) price target on shares of Micro Focus International plc in a research note on Tuesday, July 18th. Credit Suisse Group reiterated an “underperform” rating and issued a GBX 1,922 ($24.86) price target on shares of Micro Focus International plc in a research note on Thursday, June 29th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a GBX 2,880 ($37.25) price target on shares of Micro Focus International plc in a research note on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. Micro Focus International plc presently has a consensus rating of “Hold” and a consensus target price of GBX 2,405.55 ($31.11).
Micro Focus International plc (LON MCRO) opened at 2274.00 on Friday. Micro Focus International plc has a 52-week low of GBX 2,098.67 and a 52-week high of GBX 2,887.82. The firm’s 50-day moving average is GBX 2,373.22 and its 200 day moving average is GBX 2,498.56. The firm’s market capitalization is GBX 5.22 billion.
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In other news, insider Kevin Loosemore acquired 49,000 shares of the stock in a transaction dated Tuesday, July 18th. The shares were bought at an average cost of GBX 2,171 ($28.08) per share, for a total transaction of £1,063,790 ($1,375,827.73).
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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