UBS Group reaffirmed their buy rating on shares of Micro Focus International (LON:MCRO) in a report released on Thursday morning, ThisIsMoney.Co.Uk reports.
Other research analysts have also recently issued reports about the stock. Barclays raised their target price on shares of from GBX 7,500 ($98.00) to GBX 8,100 ($105.84) and gave the stock an overweight rating in a report on Monday, July 8th. Citigroup upgraded shares of Welbilt from a neutral rating to a buy rating and raised their target price for the stock from $17.00 to $19.00 in a report on Wednesday. Goldman Sachs Group set a $27.00 target price on shares of Melco Resorts & Entertainment and gave the stock a buy rating in a report on Tuesday, May 28th. JPMorgan Chase & Co. set a $60.00 target price on shares of Bayerische Motoren Werke and gave the stock a sell rating in a report on Monday, April 8th. Finally, Numis Securities reiterated a buy rating on shares of 3i Group in a report on Thursday, May 16th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Micro Focus International currently has a consensus rating of Hold and an average price target of GBX 1,887 ($24.66).
Shares of MCRO opened at GBX 1,763.80 ($23.05) on Thursday. Micro Focus International has a one year low of GBX 1,131.50 ($14.79) and a one year high of GBX 2,174.50 ($28.41). The stock has a 50-day moving average price of GBX 1,988.70. The firm has a market capitalization of $6.06 billion and a PE ratio of 13.48. The company has a debt-to-equity ratio of 60.22, a quick ratio of 0.76 and a current ratio of 1.25.
About Micro Focus International
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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