Micro Focus International plc (MCRO) Given Average Rating of “Hold” by Analysts
Micro Focus International plc (LON:MCRO) has earned an average rating of “Hold” from the eleven analysts that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 2,564.67 ($34.78).
MCRO has been the subject of several recent research reports. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 2,800 ($37.97) price objective on shares of Micro Focus International in a research report on Thursday, September 28th. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 2,700 ($36.62) price target on shares of Micro Focus International in a research report on Monday, October 16th. Credit Suisse Group reissued an “underperform” rating and set a GBX 1,942 ($26.34) price target on shares of Micro Focus International in a research report on Monday, November 6th. Canaccord Genuity reissued a “buy” rating and set a GBX 2,880 ($39.06) price target on shares of Micro Focus International in a research report on Tuesday, November 28th. Finally, Citigroup reissued a “neutral” rating on shares of Micro Focus International in a research report on Monday, December 4th.
Micro Focus International (MCRO) traded up GBX 24 ($0.33) during mid-day trading on Tuesday, hitting GBX 2,235 ($30.31). 1,290,011 shares of the stock traded hands, compared to its average volume of 1,400,000. Micro Focus International has a 1 year low of GBX 26.78 ($0.36) and a 1 year high of GBX 2,970.50 ($40.28). The stock has a market capitalization of $9,640.00 and a price-to-earnings ratio of 4,561.22.
In other news, insider Darren Roos acquired 3,101 shares of Micro Focus International stock in a transaction that occurred on Wednesday, January 10th. The shares were purchased at an average cost of GBX 2,257 ($30.61) per share, for a total transaction of £69,989.57 ($94,913.98).
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About Micro Focus International
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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