Credit Suisse Group reissued their underperform rating on shares of Micro Focus International plc (LON:MCRO) in a report released on Monday morning. The brokerage currently has a GBX 1,942 ($25.54) price objective on the stock.

Other equities research analysts have also recently issued reports about the company. Deutsche Bank AG reiterated a buy rating and set a GBX 2,800 ($36.83) price target on shares of Micro Focus International plc in a research report on Thursday, October 5th. Numis Securities Ltd reiterated a buy rating and set 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 set a GBX 2,430 ($31.96) price target on shares of Micro Focus International plc in a research report on Thursday, September 7th. J P Morgan Chase & Co reiterated a neutral rating and set a GBX 2,700 ($35.51) price target on shares of Micro Focus International plc in a research report on Monday, October 16th. Finally, Barclays PLC reiterated an overweight rating and set a GBX 2,600 ($34.20) price target on shares of Micro Focus International plc in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of GBX 2,518.20 ($33.12).

Shares of Micro Focus International plc (LON MCRO) opened at GBX 2,701 ($35.53) on Monday. Micro Focus International plc has a fifty-two week low of GBX 1,993 ($26.21) and a fifty-two week high of GBX 2,715 ($35.71).

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In related news, insider Kevin Loosemore acquired 30,000 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The shares were bought at an average cost of GBX 2,426 ($31.91) per share, for a total transaction of £727,800 ($957,253.72).

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.

Analyst Recommendations for Micro Focus International plc (LON:MCRO)

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