Micro Focus International plc (MCRO) Given Underperform Rating at Credit Suisse Group
Micro Focus International plc (LON:MCRO)‘s stock had its “underperform” rating restated by research analysts at Credit Suisse Group in a research note issued to investors on Friday. They presently have a GBX 1,921 ($24.81) price target on the stock. Credit Suisse Group’s target price suggests a potential downside of 22.01% from the stock’s current price.
Other equities analysts also recently issued reports about the stock. Canaccord Genuity restated a “buy” rating and set a GBX 2,880 ($37.19) target price on shares of Micro Focus International plc in a report on Wednesday, July 12th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 2,800 ($36.16) price target on shares of Micro Focus International plc in a report on Friday. Numis Securities Ltd reiterated a “buy” rating and set a GBX 2,800 ($36.16) price target on shares of Micro Focus International plc in a report on Friday. Investec reiterated a “hold” rating and set a GBX 2,150 ($27.77) price target on shares of Micro Focus International plc in a report on Thursday, July 13th. Finally, Citigroup Inc. reiterated a “neutral” rating and set a GBX 2,430 ($31.38) price target on shares of Micro Focus International plc in a report on Thursday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 2,425.09 ($31.32).
Micro Focus International plc (LON:MCRO) traded down 1.58% during trading on Friday, reaching GBX 2424.00. 3,106,070 shares of the company were exchanged. The firm’s market capitalization is GBX 5.57 billion. The stock has a 50 day moving average price of GBX 2,379.30 and a 200 day moving average price of GBX 2,495.28. Micro Focus International plc has a 12 month low of GBX 2,098.67 and a 12 month high of GBX 2,887.82.
In related news, insider Kevin Loosemore bought 49,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The shares were acquired at an average cost of GBX 2,171 ($28.04) per share, with a total value of £1,063,790 ($1,373,873.18).
About Micro Focus International plc
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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