Micro Focus International plc’s Buy Rating Reaffirmed at Panmure Gordon (MCRO)
Micro Focus International plc (LON:MCRO)‘s stock had its “buy” rating reissued by equities research analysts at Panmure Gordon in a research note issued to investors on Friday. They currently have a GBX 918 ($15.19) price objective on the stock. Panmure Gordon’s target price would indicate a potential upside of 4.26% from the stock’s previous close.
A number of other analysts have also recently weighed in on MCRO. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Micro Focus International plc in a research note on Thursday. They now have a GBX 1,003 ($16.60) price target on the stock. Separately, 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. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Micro Focus International plc in a research note on Friday, August 15th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. Micro Focus International plc currently has a consensus rating of “Hold” and a consensus target price of GBX 894.18 ($14.80).
Shares of Micro Focus International plc (LON:MCRO) opened at 881.4999 on Friday. Micro Focus International plc has a 1-year low of GBX 718.50 and a 1-year high of GBX 904.46. The stock’s 50-day moving average is GBX 858.9 and its 200-day moving average is GBX 824.1. The company’s market cap is £1.230 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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