Micro Focus International Stock Rating Reaffirmed by Panmure Gordon (MCRO)
Micro Focus International (LON:MCRO)‘s stock had its “buy” rating restated by investment analysts at Panmure Gordon in a note issued to investors on Thursday, AmericanBankingNews.com reports. They currently have a GBX 851 ($14.26) price target on the stock. Panmure Gordon’s price objective would suggest a potential upside of 6.78% from the stock’s previous close.
A number of other firms have also recently commented on MCRO. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Micro Focus International in a research note on Monday, January 20th. They now have a GBX 815 ($13.66) price target on the stock. Separately, analysts at Goldman Sachs reiterated a “sell” rating on shares of Micro Focus International in a research note on Tuesday, January 14th. They now have a GBX 840 ($14.08) price target on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Micro Focus International in a research note on Tuesday, January 7th. They now have a GBX 800 ($13.41) price target on the stock. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 809.61 ($13.57).
Micro Focus International (LON:MCRO) opened at 798.50 on Thursday. Micro Focus International has a 1-year low of GBX 673.725 and a 1-year high of GBX 890.50. The stock has a 50-day moving average of GBX 693. and a 200-day moving average of GBX 663.6. The company’s market cap is £1.192 billion.
Micro Focus International plc is engaged in making and selling of software products. The Company, along with its subsidiaries, provides software to clients worldwide.
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