Micro Focus International plc (LON:MCRO) insider Kevin Loosemore purchased 30,000 shares of the company’s stock in a transaction dated Friday, September 22nd. The shares were bought at an average price of GBX 2,426 ($32.71) per share, for a total transaction of £727,800 ($981,259.27).

Kevin Loosemore also recently made the following trade(s):

  • On Tuesday, July 18th, Kevin Loosemore purchased 49,000 shares of Micro Focus International plc stock. The shares were bought at an average price of GBX 2,171 ($29.27) per share, for a total transaction of £1,063,790 ($1,434,259.13).

Micro Focus International plc (LON MCRO) opened at 2468.00 on Monday. The company’s market capitalization is GBX 5.25 billion. Micro Focus International plc has a one year low of GBX 1,944.00 and a one year high of GBX 2,675.00. The company has a 50-day moving average price of GBX 2,377.79 and a 200-day moving average price of GBX 2,499.57.

ILLEGAL ACTIVITY WARNING: “Kevin Loosemore Acquires 30,000 Shares of Micro Focus International plc (MCRO) Stock” was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/09/25/kevin-loosemore-acquires-30000-shares-of-micro-focus-international-plc-mcro-stock.html.

MCRO has been the topic of a number of research reports. Barclays PLC reiterated an “overweight” rating and set a GBX 2,600 ($35.05) price target on shares of Micro Focus International plc in a research report on Friday, June 2nd. Deutsche Bank AG dropped their price target on Micro Focus International plc from GBX 2,900 ($39.10) to GBX 2,800 ($37.75) and set a “buy” rating on the stock in a research report on Thursday, June 29th. Credit Suisse Group reiterated an “underperform” rating and set a GBX 1,922 ($25.91) price target on shares of Micro Focus International plc in a research report on Thursday, June 29th. Canaccord Genuity reiterated a “buy” rating and set a GBX 2,880 ($38.83) price target on shares of Micro Focus International plc in a research report on Wednesday, July 12th. Finally, Numis Securities Ltd reiterated a “buy” rating and set a GBX 2,800 ($37.75) price target on shares of Micro Focus International plc in a research report on Friday, September 8th. 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. Micro Focus International plc presently has an average rating of “Hold” and an average price target of GBX 2,488.10 ($33.55).

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.

Receive News & Ratings for Micro Focus International plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micro Focus International plc and related companies with MarketBeat.com's FREE daily email newsletter.