Micro Focus International plc (MCRO) Receives “Overweight” Rating from Barclays PLC
Micro Focus International plc (LON:MCRO)‘s stock had its “overweight” rating restated by Barclays PLC in a research report issued on Monday. They currently have a GBX 2,150 ($26.61) target price on the stock. Barclays PLC’s price objective would indicate a potential downside of 2.93% from the stock’s current price.
A number of other research firms have also recently issued reports on MCRO. Canaccord Genuity upgraded Micro Focus International plc to a “buy” rating in a research note on Friday, September 9th. Peel Hunt restated a “buy” rating on shares of Micro Focus International plc in a research note on Thursday, September 15th. Numis Securities Ltd restated an “add” rating and set a GBX 2,150 ($26.61) price objective on shares of Micro Focus International plc in a research note on Thursday, August 4th. Citigroup Inc. restated a “buy” rating and set a GBX 2,100 ($25.99) price objective on shares of Micro Focus International plc in a research note on Monday, July 18th. Finally, Credit Suisse Group AG restated a “neutral” rating and set a GBX 1,732 ($21.44) price objective on shares of Micro Focus International plc in a research note on Friday, July 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Micro Focus International plc presently has a consensus rating of “Hold” and an average price target of GBX 1,827.18 ($22.61).
Shares of Micro Focus International plc (LON:MCRO) opened at 2188.51 on Monday. The company has a 50-day moving average of GBX 2,130.54 and a 200-day moving average of GBX 1,795.46. The firm’s market capitalization is GBX 5.00 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.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/17/barclays-plc-reaffirms-overweight-rating-for-micro-focus-international-plc-mcro.html
About Micro Focus International plc
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.
Receive News & Ratings for Micro Focus International plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micro Focus International plc and related companies with MarketBeat.com's FREE daily email newsletter.