Canaccord Genuity Reaffirms “Buy” Rating for Micro Focus International plc (MCRO)
Micro Focus International plc (LON:MCRO)‘s stock had its “buy” rating restated by equities researchers at Canaccord Genuity in a research report issued to clients and investors on Tuesday. They presently have a GBX 1,700 ($22.19) price target on the stock. Canaccord Genuity’s target price would suggest a potential downside of 23.70% from the stock’s current price.
MCRO has been the subject of several other research reports. Barclays PLC reiterated an “overweight” rating and issued a GBX 1,780 ($23.23) price objective on shares of Micro Focus International plc in a research report on Thursday, April 14th. Panmure Gordon reiterated a “buy” rating and issued a GBX 1,950 ($25.45) price objective on shares of Micro Focus International plc in a research report on Thursday, April 21st. Peel Hunt lifted their price objective on Micro Focus International plc from GBX 1,450 ($18.93) to GBX 1,650 ($21.54) and gave the company a “buy” rating in a research report on Tuesday, May 24th. Liberum Capital reiterated a “hold” rating and issued a GBX 1,490 ($19.45) price objective on shares of Micro Focus International plc in a research report on Tuesday, May 24th. Finally, Numis Securities Ltd reiterated a “buy” rating and issued a GBX 1,850 ($24.15) price objective on shares of Micro Focus International plc in a research report on Tuesday, May 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of GBX 1,827.18 ($23.85).
Shares of Micro Focus International plc (LON:MCRO) traded up 0.0449% during midday trading on Tuesday, hitting GBX 2239.1614. 786,060 shares of the company’s stock traded hands. The stock’s market cap is GBX 5.12 billion. Micro Focus International plc has a 52 week low of GBX 1,150.00 and a 52 week high of GBX 2,400.00. The company has a 50 day moving average of GBX 2,107.06 and a 200 day moving average of GBX 1,771.51.
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The business also recently disclosed a dividend, which was paid on Friday, October 7th. Investors of record on Thursday, September 1st were issued a GBX 37.40 ($0.49) dividend. This represents a yield of 2.02%. The ex-dividend date of this dividend was Thursday, September 1st. This is an increase from Micro Focus International plc’s previous dividend of $11.29.
Micro Focus International plc Company Profile
Micro Focus International plc is engaged in providing software to clients around the world. The Company operates through two segments: Micro Focus Product Portfolio and SUSE Product Portfolio. From within the Micro Focus Product Portfolio, the Company manages the corporate support functions of human resources, information technology, facilities, finance, legal and the project management office for acquisitions and integration.
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