Micro Focus International plc Given Average Rating of “Hold” by Brokerages (LON:MCRO)
Micro Focus International plc (LON:MCRO) has earned a consensus recommendation of “Hold” from the thirteen analysts that are covering the company, ARN reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is GBX 887.17 ($14.88).
A number of research firms have recently commented on MCRO. Analysts at Jefferies Group raised their price target on shares of Micro Focus International plc from GBX 420 ($7.05) to GBX 635 ($10.65) in a research note on Friday, August 1st. They now have an “underperform” rating on the stock. Separately, 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 ($16.83) price target on the stock. Finally, 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 ($16.44) price target on the stock.
Shares of Micro Focus International plc (LON:MCRO) opened at 867.00 on Tuesday. 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 853.0 and its 200-day moving average is GBX 812.3. The company’s market cap is £1.210 billion.
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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