Micro Focus International plc Given “Buy” Rating at Canaccord Genuity (MCRO)
Micro Focus International plc (LON:MCRO)‘s stock had its “buy” rating reiterated by equities researchers at Canaccord Genuity in a research report issued on Thursday. They currently have a GBX 1,003 ($16.60) target price on the stock. Canaccord Genuity’s price objective points to a potential upside of 13.98% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at N+1 Singer reiterated a “buy” rating on shares of Micro Focus International plc in a research note on Tuesday, August 19th. They now have a GBX 990 ($16.38) price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Micro Focus International plc in a research note on Friday, August 15th. Finally, 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 ($16.05) price target on the stock. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 894.18 ($14.80).
Shares of Micro Focus International plc (LON:MCRO) opened at 880.00 on Thursday. Micro Focus International plc has a 52 week low of GBX 718.50 and a 52 week high of GBX 904.46. The stock’s 50-day moving average is GBX 858.3 and its 200-day moving average is GBX 823.7. The company’s market cap is £1.228 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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