Micro Focus International plc’s (MCRO) “Underperform” Rating Reiterated at Credit Suisse Group
Micro Focus International plc (LON:MCRO)‘s stock had its “underperform” rating reiterated by stock analysts at Credit Suisse Group in a research report issued to clients and investors on Thursday. They presently have a GBX 1,922 ($24.45) target price on the stock. Credit Suisse Group’s price objective points to a potential downside of 15.37% from the company’s current price.
A number of other equities analysts have also commented on MCRO. Numis Securities Ltd reissued an “add” rating and set a GBX 2,740 ($34.85) price target on shares of Micro Focus International plc in a research note on Wednesday, June 14th. Barclays PLC reissued an “overweight” rating and set a GBX 2,600 ($33.07) price target on shares of Micro Focus International plc in a research note on Friday, June 2nd. Citigroup Inc. lowered Micro Focus International plc to a “neutral” rating and set a GBX 2,560 ($32.56) price target for the company. in a research note on Wednesday, June 14th. Deutsche Bank AG reissued a “buy” rating and set a GBX 2,900 ($36.89) price target on shares of Micro Focus International plc in a research note on Friday, June 2nd. Finally, Canaccord Genuity increased their price target on Micro Focus International plc from GBX 2,700 ($34.34) to GBX 2,880 ($36.63) and gave the company a “buy” rating in a research note on Thursday, May 11th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 2,366.27 ($30.10).
Micro Focus International plc (MCRO) opened at 2271.00 on Thursday. Micro Focus International plc has a 52 week low of GBX 1,573.00 and a 52 week high of GBX 2,675.00. The stock’s market capitalization is GBX 5.21 billion. The firm has a 50-day moving average price of GBX 2,423.54 and a 200-day moving average price of GBX 2,299.51.
Micro Focus International plc Company Profile
Micro Focus International plc is a United Kingdom-based global software company. The Company is engaged in delivering and supporting software solutions. The Company enables customers to utilize new technology solutions while maximizing the value of their investments in information technology (IT) infrastructure and business applications.
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