Micro Focus International Rating Reiterated by UBS AG (MCRO)
Micro Focus International (LON:MCRO)‘s stock had its “neutral” rating reiterated by research analysts at UBS AG in a report released on Friday, American Banking and Market News reports. They currently have a GBX 825 ($13.83) price objective on the stock. UBS AG’s price objective indicates a potential upside of 3.84% from the stock’s previous close.
Micro Focus International (LON:MCRO) opened at 794.50 on Friday. Micro Focus International has a 52 week low of GBX 673.725 and a 52 week high of GBX 890.50. The stock’s 50-day moving average is GBX 693. and its 200-day moving average is GBX 663.6. The company’s market cap is £1.186 billion.
Several other analysts have also recently commented on the stock. Analysts at Beaufort Securities downgraded shares of Micro Focus International to a “hold” rating in a research note on Friday. Separately, analysts at Investec reiterated a “hold” rating on shares of Micro Focus International in a research note on Thursday. They now have a GBX 850 ($14.25) price target on the stock. Finally, 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. Micro Focus International has a consensus rating of “Hold” and a consensus price target of GBX 839.92 ($14.08).
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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