Micro Focus International plc’s (MCRO) Buy Rating Reiterated at Deutsche Bank AG
Deutsche Bank AG reissued their buy rating on shares of Micro Focus International plc (LON:MCRO) in a report released on Thursday, Marketbeat.com reports. The brokerage currently has a GBX 2,800 ($37.65) price target on the stock.
A number of other brokerages also recently issued reports on MCRO. Numis Securities Ltd reiterated a buy rating and set a GBX 2,800 ($37.65) price target on shares of Micro Focus International plc in a research report on Friday, September 8th. Credit Suisse Group restated an underperform rating and issued a GBX 1,921 ($25.83) target price on shares of Micro Focus International plc in a research report on Friday, September 8th. Barclays PLC restated an overweight rating and issued a GBX 2,600 ($34.97) target price on shares of Micro Focus International plc in a research report on Friday, June 2nd. Finally, Citigroup Inc. downgraded Micro Focus International plc to a neutral rating and set a GBX 2,560 ($34.43) target price for the company. in a research report on Wednesday, June 14th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of GBX 2,495.67 ($33.56).
Micro Focus International plc (LON MCRO) opened at 2387.00 on Thursday. The stock has a 50 day moving average price of GBX 2,377.79 and a 200 day moving average price of GBX 2,499.57. The firm’s market cap is GBX 5.08 billion. Micro Focus International plc has a 1-year low of GBX 1,944.00 and a 1-year high of GBX 2,675.00.
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In other news, insider Kevin Loosemore bought 30,000 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was bought at an average price of GBX 2,426 ($32.63) per share, for a total transaction of £727,800 ($978,752.02).
About Micro Focus International plc
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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