Micro Focus International (LON:MCRO)‘s stock had its “neutral” rating restated by equities researchers at Citigroup in a research report issued to clients and investors on Monday, February 19th. They presently have a GBX 2,200 ($30.40) price objective on the stock. Citigroup’s target price suggests a potential upside of 16.74% from the stock’s previous close.
Other analysts also recently issued reports about the stock. Canaccord Genuity dropped their target price on shares of 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. Goldman Sachs began coverage on shares of Micro Focus International in a report on Wednesday, December 13th. They issued a “neutral” rating and a GBX 2,600 ($35.92) price objective on the stock. Numis Securities upgraded shares of Micro Focus International to a “buy” rating and set a GBX 2,840 ($39.24) price objective on the stock in a report on Friday, February 2nd. JPMorgan Chase & Co. decreased their target price on shares of Micro Focus International from GBX 2,700 ($37.30) to GBX 2,500 ($34.54) and set a “neutral” rating for the company in a research note on Wednesday, January 17th. Finally, Barclays reissued an “overweight” rating and issued a GBX 2,600 ($35.92) target price on shares of Micro Focus International in a research note on Wednesday, December 20th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 2,486.20 ($34.35).
Shares of Micro Focus International (MCRO) traded down GBX 92.50 ($1.28) during midday trading on Monday, hitting GBX 1,884.50 ($26.04). 3,332,453 shares of the stock traded hands, compared to its average volume of 1,560,000. The company has a market cap of $8,280.00 and a price-to-earnings ratio of 3,845.92. Micro Focus International has a one year low of GBX 26.78 ($0.37) and a one year 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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