Micro Focus International plc (LON:MCRO)‘s stock had its “overweight” rating restated by analysts at Barclays PLC in a research report issued on Monday. They currently have a GBX 2,150 ($26.20) price target on the stock. Barclays PLC’s price objective suggests a potential downside of 2.32% from the company’s current price.
A number of other research firms also recently weighed in on MCRO. Canaccord Genuity raised Micro Focus International plc to a “buy” rating in a report on Friday, September 9th. Peel Hunt reissued a “buy” rating on shares of Micro Focus International plc in a report on Thursday, September 15th. Numis Securities Ltd reissued an “add” rating and set a GBX 2,150 ($26.20) target price on shares of Micro Focus International plc in a report on Thursday, August 4th. Citigroup Inc. reissued a “buy” rating and set a GBX 2,100 ($25.59) target price on shares of Micro Focus International plc in a report on Monday, July 18th. Finally, Credit Suisse Group AG reissued a “neutral” rating and set a GBX 1,732 ($21.11) target price on shares of Micro Focus International plc in a report on Friday, July 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. Micro Focus International plc presently has an average rating of “Hold” and an average price target of GBX 1,827.18 ($22.27).
Shares of Micro Focus International plc (LON:MCRO) opened at 2201.00 on Monday. The company’s market cap is GBX 5.03 billion. The firm’s 50-day moving average is GBX 2,141.68 and its 200-day moving average is GBX 1,807.58. Micro Focus International plc has a one year low of GBX 1,150.00 and a one year high of GBX 2,400.00.
Micro Focus International plc Company Profile
Micro Focus International plc is engaged in providing software to clients around the world. The Company operates through two segments: Micro Focus Product Portfolio and SUSE Product Portfolio. From within the Micro Focus Product Portfolio, the Company manages the corporate support functions of human resources, information technology, facilities, finance, legal and the project management office for acquisitions and integration.
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