Micro Focus International plc (LON:MCRO) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Micro Focus International plc (LON:MCRO) have been assigned an average recommendation of “Hold” from the eleven analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 2,460.70 ($32.06).
Several equities research analysts recently weighed in on MCRO shares. Deutsche Bank AG reduced their price objective on shares of Micro Focus International plc from GBX 2,900 ($37.78) to GBX 2,800 ($36.48) and set a “buy” rating for the company in a report on Thursday, June 29th. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 2,600 ($33.87) price objective on shares of Micro Focus International plc in a report on Thursday, July 13th. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 2,740 ($35.70) price objective on shares of Micro Focus International plc in a report on Wednesday, June 14th. Citigroup Inc. reaffirmed a “neutral” rating and issued a GBX 2,215 ($28.86) price objective on shares of Micro Focus International plc in a report on Tuesday, July 18th. Finally, Credit Suisse Group reaffirmed an “underperform” rating and issued a GBX 1,922 ($25.04) price objective on shares of Micro Focus International plc in a report on Thursday, June 29th.
In other Micro Focus International plc news, insider Kevin Loosemore purchased 49,000 shares of the business’s stock in a transaction on Tuesday, July 18th. The stock was bought at an average cost of GBX 2,171 ($28.28) per share, with a total value of £1,063,790 ($1,385,865.03).
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Shares of Micro Focus International plc (LON:MCRO) traded up 0.90% during mid-day trading on Tuesday, reaching GBX 2247.00. 743,615 shares of the company were exchanged. The firm’s market capitalization is GBX 5.16 billion. The company’s 50-day moving average is GBX 2,321.95 and its 200 day moving average is GBX 2,304.83. Micro Focus International plc has a 12 month low of GBX 1,810.00 and a 12 month high of GBX 2,675.00.
The firm also recently declared a dividend, which will be paid on Friday, August 25th. Shareholders of record on Thursday, August 3rd will be issued a GBX 45.22 ($0.59) dividend. This represents a yield of 2.24%. This is an increase from Micro Focus International plc’s previous dividend of $23.60. The ex-dividend date of this dividend is Thursday, August 3rd.
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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