Micro Focus International plc Price Target Increased to GBX 635 by Analysts at Jefferies Group (MCRO)
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.
Receive News & Ratings for Micro Focus International plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micro Focus International plc and related companies with Analyst Ratings Network's FREE daily email newsletter.