Micro Focus International plc (LON:MCRO) has earned an average recommendation of “Hold” from the eight research firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 1,545 ($20.19).
Several analysts have issued reports on the stock. Credit Suisse Group reaffirmed an “underperform” rating on shares of Micro Focus International in a research report on Thursday, October 17th. Barclays reduced their price objective on shares of Micro Focus International from GBX 2,000 ($26.13) to GBX 1,130 ($14.77) and set an “equal weight” rating on the stock in a research note on Thursday, October 10th. BNP Paribas reiterated an “outperform” rating on shares of Micro Focus International in a research note on Friday. Goldman Sachs Group upgraded shares of Micro Focus International to a “neutral” rating and reduced their price objective for the stock from GBX 1,400 ($18.29) to GBX 1,000 ($13.07) in a research note on Tuesday, November 5th. Finally, UBS Group reiterated a “buy” rating on shares of Micro Focus International in a research note on Thursday.
LON MCRO traded up GBX 16.80 ($0.22) on Friday, hitting GBX 1,096 ($14.32). 313,606 shares of the stock were exchanged, compared to its average volume of 1,560,000. The company has a debt-to-equity ratio of 67.68, a current ratio of 0.92 and a quick ratio of 0.90. The business’s fifty day moving average is GBX 1,061.29 and its 200 day moving average is GBX 1,521.52. Micro Focus International has a 52 week low of GBX 998 ($13.04) and a 52 week high of GBX 2,174.50 ($28.41). The company has a market capitalization of $3.70 billion and a PE ratio of 2.64.
Micro Focus International plc, an infrastructure software company, develops, sells, and supports software products and solutions to small and medium size enterprises. The company offers infrastructure software products that are managed on an investment portfolio. Its product portfolio includes application modernization and connectivity, application delivery management, and IT operations management, as well as security, information management, and Governance.
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