Citigroup Inc. Reaffirms “Neutral” Rating for Micro Focus International plc (MCRO)
Micro Focus International plc (LON:MCRO)‘s stock had its “neutral” rating reiterated by equities research analysts at Citigroup Inc. in a research note issued on Thursday. They presently have a GBX 2,430 ($31.38) price objective on the stock. Citigroup Inc.’s price objective would suggest a potential upside of 3.71% from the company’s current price.
Several other research analysts also recently weighed in on MCRO. Numis Securities Ltd lifted their target price on Micro Focus International plc from GBX 2,740 ($35.39) to GBX 2,800 ($36.16) and gave the company a “buy” rating in a research note on Friday, September 1st. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 2,800 ($36.16) target price on shares of Micro Focus International plc in a research note on Thursday, July 13th. Investec reiterated a “hold” rating and issued a GBX 2,150 ($27.77) target price on shares of Micro Focus International plc in a research note on Thursday, July 13th. Credit Suisse Group reiterated an “underperform” rating and issued a GBX 1,921 ($24.81) target price on shares of Micro Focus International plc in a research note on Wednesday, August 30th. Finally, Barclays PLC reiterated an “overweight” rating and issued a GBX 2,600 ($33.58) target price on shares of Micro Focus International plc in a research note on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 2,425.09 ($31.32).
Shares of Micro Focus International plc (MCRO) traded up 5.12% during midday trading on Thursday, reaching GBX 2463.00. The company had a trading volume of 4,060,697 shares. The stock’s market capitalization is GBX 5.66 billion. The company’s 50 day moving average price is GBX 2,378.56 and its 200 day moving average price is GBX 2,495.78. Micro Focus International plc has a 52-week low of GBX 2,098.67 and a 52-week high of GBX 2,887.82.
In other Micro Focus International plc news, insider Kevin Loosemore purchased 49,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The shares were purchased at an average cost of GBX 2,171 ($28.04) per share, for a total transaction of £1,063,790 ($1,373,873.18).
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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