Micro Focus International plc (MCRO) Cut to “Neutral” at Citigroup Inc.

Citigroup Inc. lowered shares of Micro Focus International plc (LON:MCRO) to a neutral rating in a report issued on Wednesday, Marketbeat reports. Citigroup Inc. currently has GBX 2,560 ($32.62) target price on the stock.

Other research analysts have also recently issued research reports about the company. Deutsche Bank AG reiterated a buy rating and issued a GBX 2,900 ($36.95) price objective on shares of Micro Focus International plc in a research report on Friday, June 2nd. Canaccord Genuity increased their price objective on Micro Focus International plc from GBX 2,700 ($34.40) to GBX 2,880 ($36.69) and gave the stock a buy rating in a research report on Thursday, May 11th. Numis Securities Ltd reiterated a not rated rating on shares of Micro Focus International plc in a research report on Friday, February 24th. Barclays PLC reiterated an overweight rating and issued a GBX 2,600 ($33.13) price objective on shares of Micro Focus International plc in a research report on Friday, June 2nd. Finally, Bank of America Corporation cut Micro Focus International plc to an underperform rating and set a GBX 2,280 ($29.05) price objective for the company. in a research report on Wednesday, April 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of GBX 2,396.09 ($30.53).

Analyst Recommendations for Micro Focus International plc (LON:MCRO)

Shares of Micro Focus International plc (LON:MCRO) opened at 2420.00 on Wednesday. The firm’s market cap is GBX 5.55 billion. Micro Focus International plc has a 1-year low of GBX 1,408.00 and a 1-year high of GBX 2,675.00. The company has a 50-day moving average of GBX 2,464.74 and a 200-day moving average of GBX 2,283.04.

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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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:MCRO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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