Micro Focus International plc’s Buy Rating Reaffirmed at Panmure Gordon (MCRO)
Micro Focus International plc (LON:MCRO)‘s stock had its “buy” rating restated by Panmure Gordon in a research note issued on Thursday. They currently have a GBX 918 ($15.40) price objective on the stock. Panmure Gordon’s price objective would suggest a potential upside of 5.52% from the stock’s previous close.
A number of other analysts have also recently weighed in on MCRO. 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. Separately, 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. Finally, 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. 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. The company has a consensus rating of “Hold” and an average price target of GBX 890.50 ($14.94).
Shares of Micro Focus International plc (LON:MCRO) opened at 870.00 on Thursday. Micro Focus International plc has a one year low of GBX 718.50 and a one year high of GBX 893.5001. The stock has a 50-day moving average of GBX 853.2 and a 200-day moving average of GBX 813.7. The company’s market cap is £1.214 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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