JPMorgan Chase & Co. cut shares of Micro Focus International (LON:MCRO) to an underweight rating in a research note released on Tuesday morning. They currently have GBX 900 ($12.43) price target on the stock, down from their prior price target of GBX 2,500 ($34.54).
Other analysts have also issued reports about the company. Numis Securities lowered Micro Focus International to an add rating and set a GBX 2,980 ($41.17) price target on the stock. in a report on Monday, January 8th. Canaccord Genuity cut their price target on Micro Focus International from GBX 2,880 ($39.79) to GBX 2,800 ($38.68) and set a buy rating on the stock in a report on Thursday, January 25th. Deutsche Bank lowered Micro Focus International to a hold rating and set a GBX 2,800 ($38.68) price target on the stock. in a report on Monday, November 27th. Investec upgraded Micro Focus International to a hold rating and cut their price target for the company from GBX 1,900 ($26.25) to GBX 1,000 ($13.82) in a report on Tuesday. Finally, Goldman Sachs started coverage on Micro Focus International in a report on Wednesday, December 13th. They issued a neutral rating and a GBX 2,600 ($35.92) price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Micro Focus International currently has a consensus rating of Hold and a consensus price target of GBX 1,445 ($19.96).
Shares of Micro Focus International (LON:MCRO) opened at GBX 956 ($13.21) on Tuesday. The company has a market capitalization of $8,280.00 and a PE ratio of 1,951.02. Micro Focus International has a twelve month low of GBX 26.78 ($0.37) and a twelve month high of GBX 2,970.50 ($41.04).
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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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