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Investment analysts at Jefferies Group boosted their target price on shares of Micro Focus International plc (LON:MCRO) from GBX 420 ($7.13) to GBX 635 ($10.78) in a note issued to investors on Friday. The firm currently has an “underperform” rating on the stock. Jefferies Group’s target price suggests a potential downside of 23.49% from the stock’s previous close.

Shares of Micro Focus International plc (LON:MCRO) traded down 2.35% on Friday, hitting GBX 830.00. The stock had a trading volume of 138,411 shares. Micro Focus International plc has a 1-year low of GBX 715.798 and a 1-year high of GBX 893.50. The stock has a 50-day moving average of GBX 852.3 and a 200-day moving average of GBX 807.. The company’s market cap is £1.158 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.

Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Micro Focus International plc in a research note on Monday, July 28th. They now have a GBX 1,003 ($17.03) price target on the stock. Separately, 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. Finally, 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. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. Micro Focus International plc has an average rating of “Hold” and an average price target of GBX 887.17 ($15.06).

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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