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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.