Micro Focus International’s (MCRO) Neutral Rating Reiterated at Citigroup
Citigroup reiterated their neutral rating on shares of Micro Focus International (LON:MCRO) in a research report released on Tuesday morning. They currently have a GBX 2,200 ($30.40) price target on the stock.
Several other analysts have also recently issued reports on MCRO. Credit Suisse Group reissued an underperform rating and set a GBX 1,942 ($26.83) price objective on shares of Micro Focus International in a research note on Monday, November 20th. Deutsche Bank cut shares of Micro Focus International to a hold rating and set a GBX 2,800 ($38.68) price objective for the company. in a research note on Monday, November 27th. Canaccord Genuity reissued a buy rating and set a GBX 2,880 ($39.79) price objective on shares of Micro Focus International in a research note on Tuesday, November 28th. Goldman Sachs initiated coverage on shares of Micro Focus International in a research report on Wednesday, December 13th. They set a neutral rating and a GBX 2,600 ($35.92) price target for the company. Finally, Barclays reaffirmed an overweight rating and set a GBX 2,600 ($35.92) price target on shares of Micro Focus International in a research report on Wednesday, December 20th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Micro Focus International presently has a consensus rating of Hold and a consensus target price of GBX 1,445 ($19.96).
Shares of Micro Focus International (LON:MCRO) opened at GBX 950.20 ($13.13) on Tuesday. Micro Focus International has a 12 month low of GBX 26.78 ($0.37) and a 12 month high of GBX 2,970.50 ($41.04). The stock has a market cap of $8,280.00 and a price-to-earnings ratio of 1,939.18.
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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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