Micro Focus International plc’s “Buy” Rating Reaffirmed at Canaccord Genuity (MCRO)
Micro Focus International plc (LON:MCRO)‘s stock had its “buy” rating reiterated by Canaccord Genuity in a research note issued on Monday. They currently have a GBX 1,003 ($17.03) price target on the stock. Canaccord Genuity’s target price would suggest a potential upside of 18.98% from the stock’s previous close.
Shares of Micro Focus International plc (LON:MCRO) traded down 0.30% during mid-day trading on Monday, hitting GBX 843.00. 84,327 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 893.5001. The stock’s 50-day moving average is GBX 850.8 and its 200-day moving average is GBX 806.1. The company’s market cap is £1.176 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 3rd. Investors 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.
A number of other analysts have also recently weighed in on MCRO. Analysts at Barclays reiterated an “overweight” rating on shares of Micro Focus International plc in a research note on Tuesday, July 8th. They now have a GBX 980 ($16.64) price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Micro Focus International plc from GBX 838 ($14.23) to GBX 970 ($16.47) in a research note on Tuesday, June 24th. They now have a “neutral” rating on the stock. Finally, 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 ($15.28) price target on the stock, up previously from GBX 815 ($13.84). Two investment 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’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 910.09 ($15.45).
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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