Micro Focus International plc Given “Overweight” Rating at Barclays (MCRO)
Micro Focus International plc (LON:MCRO)‘s stock had its “overweight” rating reiterated by equities research analysts at Barclays in a research note issued to investors on Tuesday. They currently have a GBX 980 ($16.81) price target on the stock. Barclays’ price objective points to a potential upside of 14.22% from the stock’s previous close.
Micro Focus International plc (LON:MCRO) traded down 1.27% during mid-day trading on Tuesday, hitting GBX 858.00. The stock had a trading volume of 141,464 shares. Micro Focus International plc has a 52 week low of GBX 718.50 and a 52 week high of GBX 893.5001. 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 £1.197 billion.
The company also recently announced a dividend, which is scheduled for Friday, October 3rd. Shareholders of record on Wednesday, September 3rd will be paid a dividend of GBX 17.70 ($0.30) per share. This represents a dividend yield of 2.06%. The ex-dividend date is Wednesday, September 3rd.
MCRO has been the subject of a number of other recent research reports. Analysts at Credit Suisse raised their price target on shares of Micro Focus International plc from GBX 838 ($14.37) to GBX 970 ($16.64) in a research note on Tuesday, June 24th. They now have a “neutral” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Micro Focus International plc in a research note on Friday, June 20th. They now have a GBX 900 ($15.44) price target on the stock, up previously from GBX 815 ($13.98). Finally, analysts at Investec upgraded shares of Micro Focus International plc to a “buy” rating in a research note on Thursday, June 19th. They now have a GBX 950 ($16.30) price target on the stock, up previously from GBX 850 ($14.58). Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. Micro Focus International plc presently has an average rating of “Hold” and a consensus target price of GBX 910.09 ($15.61).
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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