Micro Focus International’s (MCRO) “Buy” Rating Reaffirmed at Canaccord Genuity

Micro Focus International (LON:MCRO)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity in a research report issued on Tuesday. They currently have a GBX 2,880 ($38.39) target price on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 11.33% from the stock’s current price.

Several other research analysts have also recently issued reports on MCRO. Deutsche Bank reissued a “buy” rating and issued a GBX 2,800 ($37.33) price objective on shares of Micro Focus International in a research note on Thursday, September 28th. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 2,700 ($36.00) price objective on shares of Micro Focus International in a research note on Monday, October 16th. Citigroup reissued a “neutral” rating and issued a GBX 2,430 ($32.40) price objective on shares of Micro Focus International in a research note on Thursday, September 7th. Numis Securities increased their price objective on Micro Focus International from GBX 2,740 ($36.53) to GBX 2,800 ($37.33) and gave the stock a “buy” rating in a research note on Friday, September 1st. Finally, Credit Suisse Group reissued an “underperform” rating and issued a GBX 1,942 ($25.89) price objective on shares of Micro Focus International in a research note on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 2,518.20 ($33.57).

Shares of Micro Focus International (LON MCRO) traded up GBX 30 ($0.40) during trading hours on Tuesday, reaching GBX 2,587 ($34.49). The company had a trading volume of 1,173,410 shares, compared to its average volume of 1,140,000. Micro Focus International has a 52 week low of GBX 26.78 ($0.36) and a 52 week high of GBX 2,749 ($36.65).

In related news, insider Kevin Loosemore bought 30,000 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were acquired at an average price of GBX 2,426 ($32.34) per share, with a total value of £727,800 ($970,270.63).

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Micro Focus International 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.

Analyst Recommendations for Micro Focus International (LON:MCRO)

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