Micro Focus International plc Given Average Recommendation of “Hold” by Analysts (LON:MCRO)
Micro Focus International plc (LON:MCRO) has received an average rating of “Hold” from the thirteen brokerages that are covering the stock, Stock Ratings Network.com reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 882.36 ($14.80).
Shares of Micro Focus International plc (LON:MCRO) opened at 877.4999 on Tuesday. Micro Focus International plc has a 1-year low of GBX 718.50 and a 1-year high of GBX 893.5001. The stock has a 50-day moving average of GBX 854.4 and a 200-day moving average of GBX 814.6. The company’s market cap is £1.224 billion.
A number of research firms have recently commented on MCRO. Analysts at Barclays reiterated an “overweight” rating on shares of Micro Focus International plc in a research note on Friday. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Micro Focus International plc in a research note on Thursday. They now have a GBX 970 ($16.27) price target on the stock. Finally, 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.
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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