Micro Focus International plc (MCRO) Rating Reiterated by Numis Securities Ltd
Micro Focus International plc (LON:MCRO)‘s stock had its “buy” rating restated by stock analysts at Numis Securities Ltd in a research note issued to investors on Friday. They presently have a GBX 2,800 ($36.16) price target on the stock. Numis Securities Ltd’s target price suggests a potential upside of 15.51% from the company’s previous close.
Several other brokerages also recently issued reports on MCRO. 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 research note on Monday, July 31st. 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 research note on Wednesday, August 30th. Deutsche Bank AG reissued a “buy” rating and issued a GBX 2,800 ($36.16) price objective on shares of Micro Focus International plc in a research note on Thursday, July 13th. Citigroup Inc. downgraded Micro Focus International plc to a “neutral” rating and set a GBX 2,560 ($33.06) price objective for the company. in a research note on Wednesday, June 14th. Finally, Canaccord Genuity increased their price objective on Micro Focus International plc from GBX 2,700 ($34.87) to GBX 2,880 ($37.19) and gave the stock a “buy” rating in a research note on Thursday, May 11th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 2,488.10 ($32.13).
Micro Focus International plc (MCRO) traded down 1.58% during mid-day trading on Friday, reaching GBX 2424.00. The company’s stock had a trading volume of 3,106,070 shares. The firm’s market capitalization is GBX 5.57 billion. Micro Focus International plc has a 1-year low of GBX 2,098.67 and a 1-year high of GBX 2,887.82. The firm has a 50-day moving average of GBX 2,379.30 and a 200 day moving average of GBX 2,495.28.
Micro Focus International plc (LON:MCRO) last announced its earnings results on Wednesday, July 12th. The company reported $1.76 EPS 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 earnings per share for the current year.
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In other news, insider Kevin Loosemore purchased 49,000 shares of the business’s stock in a transaction dated Tuesday, July 18th. The stock was bought 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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