Micro Focus International (LON:MCRO) was downgraded by research analysts at Numis Securities to an “add” rating in a note issued to investors on Monday, January 8th. They presently have a GBX 2,980 ($40.41) target price on the stock. Numis Securities’ target price would suggest a potential upside of 36.95% from the stock’s previous close.
Several other equities analysts have also recently issued reports on the stock. Goldman Sachs Group initiated coverage on shares of Micro Focus International in a research note on Wednesday, December 13th. They issued a “neutral” rating and a GBX 2,600 ($35.26) price objective on the stock. Deutsche Bank cut shares of Micro Focus International to a “hold” rating and set a GBX 2,800 ($37.97) price objective on the stock. in a research note on Monday, November 27th. Credit Suisse Group reaffirmed an “underperform” rating and issued a GBX 1,942 ($26.34) price objective on shares of Micro Focus International in a research note on Monday, November 20th. Barclays reaffirmed an “overweight” rating and issued a GBX 2,600 ($35.26) price objective on shares of Micro Focus International in a research note on Wednesday, December 20th. Finally, Citigroup reiterated a “neutral” rating on shares of Micro Focus International in a report on Monday, December 4th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 2,531.20 ($34.33).
Shares of Micro Focus International (LON MCRO) traded up GBX 21 ($0.28) on Monday, hitting GBX 2,176 ($29.51). 440,628 shares of the stock traded hands, compared to its average volume of 1,520,000. The firm has a market cap of $9,430.00 and a PE ratio of 4,440.82. Micro Focus International has a 12 month low of GBX 26.78 ($0.36) and a 12 month high of GBX 2,970.50 ($40.28).
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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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