Micro Focus International plc’s (MCRO) Overweight Rating Reaffirmed at Barclays PLC
Micro Focus International plc (LON:MCRO)‘s stock had its “overweight” rating restated by research analysts at Barclays PLC in a report released on Monday. They presently have a GBX 2,150 ($26.20) price objective on the stock. Barclays PLC’s price objective suggests a potential downside of 2.36% from the stock’s current price.
Several other research analysts have also issued reports on MCRO. Panmure Gordon reaffirmed a “buy” rating and set a GBX 2,034 ($24.79) target price on shares of Micro Focus International plc in a research report on Tuesday, July 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 1,600 ($19.50) target price on shares of Micro Focus International plc in a research report on Tuesday, July 12th. Numis Securities Ltd raised their target price on Micro Focus International plc from GBX 1,850 ($22.55) to GBX 2,050 ($24.98) and gave the stock a “buy” rating in a research report on Thursday, July 14th. Credit Suisse Group AG reaffirmed a “neutral” rating and set a GBX 1,732 ($21.11) target price on shares of Micro Focus International plc in a research report on Friday, July 15th. Finally, Citigroup Inc. reissued a “buy” rating and issued a GBX 2,100 ($25.59) price objective on shares of Micro Focus International plc in a research report on Monday, July 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. Micro Focus International plc currently has an average rating of “Hold” and a consensus target price of GBX 1,827.18 ($22.27).
Micro Focus International plc (LON:MCRO) traded down 0.59% during mid-day trading on Monday, reaching GBX 2202.00. The company had a trading volume of 776,443 shares. The company’s market capitalization is GBX 5.04 billion. Micro Focus International plc has a one year low of GBX 1,150.00 and a one year high of GBX 2,400.00. The stock has a 50 day moving average price of GBX 2,144.17 and a 200 day moving average price of GBX 1,801.82.
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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.
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