Micro Focus International plc Receives “Buy” Rating from Numis Securities Ltd (MCRO)
Micro Focus International plc (LON:MCRO)‘s stock had its “buy” rating reaffirmed by equities research analysts at Numis Securities Ltd in a research note issued to investors on Monday. They currently have a GBX 920 ($15.48) target price on the stock. Numis Securities Ltd’s target price indicates a potential upside of 18.25% from the stock’s previous close.
Micro Focus International plc (LON:MCRO) opened at 791.50 on Monday. Micro Focus International plc 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 809.7 and a 200-day moving average of GBX 791.. The company’s market cap is £1.182 billion.
A number of other analysts have also recently weighed in on MCRO. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Micro Focus International plc in a research note on Monday. They now have a GBX 1,003 ($16.87) price target on the stock. Separately, analysts at Panmure Gordon reiterated a “buy” rating on shares of Micro Focus International plc in a research note on Friday, May 9th. They now have a GBX 878 ($14.77) price target on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Micro Focus International plc in a research note on Friday, April 4th. They now have a GBX 900 ($15.14) price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. Micro Focus International plc has a consensus rating of “Hold” and an average target price of GBX 874 ($14.70).
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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