Micro Focus International’s Hold Rating Reaffirmed at Investec (MCRO)
Micro Focus International (LON:MCRO)‘s stock had its “hold” rating restated by equities research analysts at Investec in a research note issued to investors on Thursday, StockRatingsNetwork reports. They currently have a GBX 850 ($14.25) price objective on the stock. Investec’s price objective would indicate a potential upside of 6.65% from the stock’s previous close.
A number of other firms have also recently commented on MCRO. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of Micro Focus International in a research note on Thursday. They now have a GBX 870 ($14.58) price target on the stock. Separately, analysts at Panmure Gordon reiterated a “buy” rating on shares of Micro Focus International in a research note on Thursday. They now have a GBX 851 ($14.26) price target on the stock. Finally, analysts at Panmure Gordon reiterated a “buy” rating on shares of Micro Focus International in a research note on Thursday, February 6th. They now have a GBX 851 ($14.26) price target on the stock. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 809.61 ($13.57).
Shares of Micro Focus International (LON:MCRO) opened at 796.00 on Thursday. Micro Focus International has a one year low of GBX 673.725 and a one 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 £1.188 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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