Micro Focus International plc (LON:MCRO) has earned a consensus rating of “Hold” from the ten research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 2,495.67 ($33.10).
MCRO has been the topic of several recent analyst reports. Numis Securities Ltd reissued an “add” rating and issued a GBX 2,740 ($36.34) target price on shares of Micro Focus International plc in a report on Wednesday, June 14th. Canaccord Genuity reissued a “buy” rating and issued a GBX 2,880 ($38.20) target price on shares of Micro Focus International plc in a report on Wednesday, July 12th. Deutsche Bank AG dropped their target price on Micro Focus International plc from GBX 2,900 ($38.47) to GBX 2,800 ($37.14) and set a “buy” rating on the stock in a report on Thursday, June 29th. Investec reaffirmed a “hold” rating and set a GBX 2,150 ($28.52) price objective on shares of Micro Focus International plc in a report on Thursday, July 13th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a GBX 2,215 ($29.38) price objective on shares of Micro Focus International plc in a report on Tuesday, July 18th.
In other Micro Focus International plc news, insider Kevin Loosemore bought 49,000 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The stock was acquired at an average price of GBX 2,171 ($28.80) per share, for a total transaction of £1,063,790 ($1,411,049.21).
Micro Focus International plc (LON MCRO) traded up 0.04% during mid-day trading on Friday, hitting GBX 2432.00. The stock had a trading volume of 798,217 shares. Micro Focus International plc has a 52-week low of GBX 2,098.67 and a 52-week high of GBX 2,887.82. The firm has a 50-day moving average of GBX 2,411.34 and a 200-day moving average of GBX 2,504.15. The stock’s market cap is GBX 5.17 billion.
About Micro Focus International plc
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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