Credit Suisse Reiterates “Neutral” Rating for Micro Focus International plc (MCRO)
Micro Focus International plc (LON:MCRO)‘s stock had its “neutral” rating restated by Credit Suisse in a research note issued on Thursday. They currently have a GBX 970 ($16.27) price target on the stock. Credit Suisse’s price objective suggests a potential upside of 11.49% from the company’s current price.
A number of other analysts have also recently weighed in on MCRO. Analysts at Panmure Gordon reiterated a “buy” rating on shares of Micro Focus International plc in a research note on Thursday. They now have a GBX 918 ($15.40) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Micro Focus International plc in a research note on Thursday. They now have a GBX 920 ($15.43) price target on the stock. Finally, 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. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 890.50 ($14.94).
Shares of Micro Focus International plc (LON:MCRO) opened at 879.50 on Thursday. 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 853.2 and its 200-day moving average is GBX 813.7. The company’s market cap is £1.227 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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