Barclays Increases Micro Focus International (MCRO) Price Target to GBX 2,750

Micro Focus International (LON:MCRO) had its price target upped by Barclays from GBX 2,600 ($35.26) to GBX 2,750 ($37.29) in a research note released on Tuesday morning. Barclays currently has an overweight rating on the stock.

Other research analysts have also issued research reports about the company. Credit Suisse Group reissued an underperform rating and set a GBX 1,942 ($26.34) price objective on shares of Micro Focus International in a report on Monday, November 6th. Canaccord Genuity reissued a buy rating and set a GBX 2,880 ($39.06) price objective on shares of Micro Focus International in a report on Tuesday, November 28th. Deutsche Bank lowered Micro Focus International to a hold rating and set a GBX 2,800 ($37.97) price objective on the stock. in a report on Monday, November 27th. Citigroup reissued a neutral rating on shares of Micro Focus International in a report on Monday, December 4th. Finally, JPMorgan Chase & Co. reissued a neutral rating and set a GBX 2,700 ($36.62) price objective on shares of Micro Focus International in a report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 2,551.20 ($34.60).

Micro Focus International (LON MCRO) traded up GBX 68 ($0.92) on Tuesday, hitting GBX 2,269 ($30.77). The stock had a trading volume of 3,520,000 shares, compared to its average volume of 1,290,000. Micro Focus International has a 52 week low of GBX 26.78 ($0.36) and a 52 week high of GBX 2,970.50 ($40.28). The stock has a market cap of $9,900.00 and a P/E ratio of 4,538.00.

The business also recently disclosed a dividend, which will be paid on Friday, February 9th. Stockholders of record on Thursday, January 18th will be issued a dividend of GBX 25.63 ($0.35) per share. This represents a dividend yield of 1.16%. The ex-dividend date is Thursday, January 18th.

In other Micro Focus International news, insider Darren Roos bought 3,101 shares of the stock in a transaction on Wednesday, January 10th. The shares were purchased at an average price of GBX 2,257 ($30.61) per share, with a total value of £69,989.57 ($94,913.98).

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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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