Micro Focus International (MCRO) Raised to “Buy” at Numis Securities

Micro Focus International (LON:MCRO) was upgraded by research analysts at Numis Securities to a “buy” rating in a report released on Friday. The firm presently has a GBX 2,840 ($39.88) target price on the stock. Numis Securities’ price objective suggests a potential upside of 32.83% from the stock’s previous close.

A number of other equities analysts also recently commented on the company. Canaccord Genuity decreased their target price on Micro Focus International from GBX 2,880 ($40.44) to GBX 2,800 ($39.32) and set a “buy” rating for the company in a report on Thursday, January 25th. JPMorgan Chase & Co. decreased their target price on Micro Focus International from GBX 2,700 ($37.92) to GBX 2,500 ($35.11) and set a “neutral” rating for the company in a report on Wednesday, January 17th. Barclays upped their target price on Micro Focus International from GBX 2,600 ($36.51) to GBX 2,750 ($38.62) and gave the company an “overweight” rating in a report on Tuesday, January 9th. Citigroup restated a “neutral” rating on shares of Micro Focus International in a report on Friday, January 5th. Finally, Goldman Sachs Group began coverage on Micro Focus International in a report on Wednesday, December 13th. They set a “neutral” rating and a GBX 2,600 ($36.51) target price for the company. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Micro Focus International presently has a consensus rating of “Hold” and an average target price of GBX 2,509.20 ($35.24).

Shares of Micro Focus International (LON:MCRO) traded up GBX 8 ($0.11) during trading on Friday, hitting GBX 2,138 ($30.02). The company had a trading volume of 1,546,993 shares, compared to its average volume of 1,500,000. The company has a market capitalization of $9,250.00 and a P/E ratio of 4,454.17. Micro Focus International has a one year low of GBX 26.78 ($0.38) and a one year high of GBX 2,970.50 ($41.71).

In other news, insider Darren Roos purchased 3,101 shares of Micro Focus International stock in a transaction that occurred on Wednesday, January 10th. The shares were bought at an average cost of GBX 2,257 ($31.69) per share, with a total value of £69,989.57 ($98,286.15).

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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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