Micro Focus International plc’s Buy Rating Reaffirmed at N+1 Singer (MCRO)
Micro Focus International plc (LON:MCRO)‘s stock had its “buy” rating restated by equities research analysts at N+1 Singer in a research note issued to investors on Tuesday. They currently have a GBX 990 ($16.55) price target on the stock. N+1 Singer’s target price would indicate a potential upside of 11.42% from the company’s current price.
Micro Focus International plc (LON:MCRO) traded up 0.11% on Tuesday, hitting GBX 891.00. 29,873 shares of the company’s stock traded hands. 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 855.2 and its 200-day moving average is GBX 816.3. The company’s market cap is £1.243 billion.
A number of other firms have also 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, August 14th. They now have a GBX 970 ($16.22) 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, August 14th. They now have a GBX 918 ($15.35) price target on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 894.18 ($14.95).
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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