Micro Focus International plc (MCRO) Receives GBX 2,495.67 Consensus Target Price from Brokerages

Shares of Micro Focus International plc (LON:MCRO) have been given an average rating of “Hold” by the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 2,495.67 ($32.81).

Several research firms have commented on MCRO. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 2,800 ($36.81) price objective on shares of Micro Focus International plc in a research note on Thursday, October 5th. Citigroup Inc. reaffirmed a “neutral” rating and set a GBX 2,430 ($31.95) price objective on shares of Micro Focus International plc in a research note on Thursday, September 7th. Numis Securities Ltd lifted their price objective on shares of Micro Focus International plc from GBX 2,740 ($36.02) to GBX 2,800 ($36.81) and gave the stock a “buy” rating in a research note on Friday, September 1st. Investec reaffirmed a “hold” rating and set a GBX 2,150 ($28.27) price objective on shares of Micro Focus International plc in a research note on Thursday, July 13th. Finally, Barclays PLC reiterated an “overweight” rating and set a GBX 2,600 ($34.18) target price on shares of Micro Focus International plc in a research report on Thursday, July 13th.

In other Micro Focus International plc news, insider Kevin Loosemore bought 30,000 shares of the firm’s stock in a transaction dated Friday, September 22nd. The stock was acquired at an average cost of GBX 2,426 ($31.90) per share, for a total transaction of £727,800 ($956,876.15).

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Micro Focus International plc (MCRO) traded up 0.08% during midday trading on Friday, reaching GBX 2410.00. 690,474 shares of the company were exchanged. The company has a 50-day moving average of GBX 2,413.70 and a 200 day moving average of GBX 2,507.49. The firm’s market capitalization is GBX 5.13 billion. Micro Focus International plc has a 52 week low of GBX 1,944.00 and a 52 week high of GBX 2,675.00.

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.

Analyst Recommendations for Micro Focus International plc (LON:MCRO)

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