Micro Focus International plc Stock Rating Reaffirmed by JPMorgan Chase & Co. (MCRO)
Shares of Micro Focus International plc (LON:MCRO) traded up 3.08% during mid-day trading on Friday, hitting GBX 886.50. 298,778 shares of the company’s stock traded hands. Micro Focus International plc has a 52 week low of GBX 718.50 and a 52 week high of GBX 890.50. The stock’s 50-day moving average is GBX 809.7 and its 200-day moving average is GBX 791.. The company’s market cap is £1.323 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 3rd. Stockholders of record on Wednesday, September 3rd will be given a dividend of GBX 17.70 ($0.30) per share. This represents a yield of 2.06%. The ex-dividend date of this dividend is Wednesday, September 3rd.
Other equities research analysts have also recently issued reports about the stock. Analysts at Investec upgraded shares of Micro Focus International plc to a “buy” rating in a research note on Thursday. They now have a GBX 950 ($16.13) price target on the stock, up previously from GBX 850 ($14.43). Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Micro Focus International plc in a research note on Thursday. They now have a GBX 1,003 ($17.03) price target on the stock. Finally, analysts at N+1 Singer reiterated a “buy” rating on shares of Micro Focus International plc in a research note on Thursday. They now have a GBX 860 ($14.60) price target on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 889.90 ($15.11).
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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