Deutsche Bank AG Reiterates “Buy” Rating for Micro Focus International plc (MCRO)
Micro Focus International plc (LON:MCRO)‘s stock had its “buy” rating restated by analysts at Deutsche Bank AG in a research note issued to investors on Friday. They currently have a GBX 2,800 ($36.16) price target on the stock. Deutsche Bank AG’s price objective suggests a potential upside of 15.51% from the stock’s current price.
MCRO has been the topic of several other reports. Numis Securities Ltd raised their price objective 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 report on Friday, September 1st. Barclays PLC reissued an “overweight” rating and issued a GBX 2,600 ($33.58) price objective on shares of Micro Focus International plc in a report on Friday, June 2nd. Investec reissued a “hold” rating and issued a GBX 2,150 ($27.77) price objective on shares of Micro Focus International plc in a report on Thursday, July 13th. Canaccord Genuity raised their price objective on Micro Focus International plc from GBX 2,700 ($34.87) to GBX 2,880 ($37.19) and gave the company a “buy” rating in a report on Thursday, May 11th. Finally, Credit Suisse Group reissued an “underperform” rating and issued a GBX 1,921 ($24.81) price objective on shares of Micro Focus International plc in a report on Wednesday, August 30th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 2,488.10 ($32.13).
Shares of Micro Focus International plc (MCRO) traded down 1.58% on Friday, hitting GBX 2424.00. The company had a trading volume of 3,106,070 shares. The company’s market capitalization is GBX 5.57 billion. The stock’s 50-day moving average is GBX 2,379.30 and its 200 day moving average is GBX 2,495.28. Micro Focus International plc has a 52 week low of GBX 2,098.67 and a 52 week high of GBX 2,887.82.
Micro Focus International plc (LON:MCRO) last announced its quarterly earnings results on Wednesday, July 12th. The company reported $1.76 earnings per share for the quarter, meeting the consensus estimate of $1.76. Micro Focus International plc had a return on equity of 8.40% and a net margin of 9.65%. Equities analysts expect that Micro Focus International plc will post $1.73 EPS for the current year.
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In other news, insider Kevin Loosemore purchased 49,000 shares of the stock in a transaction dated Tuesday, July 18th. The shares were purchased 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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