Micro Focus International plc Receives Add Rating from Numis Securities Ltd (MCRO)
Micro Focus International plc (LON:MCRO)‘s stock had its “add” rating reiterated by research analysts at Numis Securities Ltd in a report released on Thursday. They currently have a GBX 920 ($15.43) price objective on the stock. Numis Securities Ltd’s price target suggests a potential upside of 5.75% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. Micro Focus International plc has an average rating of “Hold” and an average target price of GBX 890.50 ($14.94).
Micro Focus International plc (LON:MCRO) opened at 870.50 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 £1.215 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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