Barclays upgraded shares of Micro Focus International (NYSE:MFGP) from an underweight rating to an equal weight rating in a research note issued to investors on Thursday, Briefing.com Automated Import reports.
A number of other equities research analysts also recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Micro Focus International from an underweight rating to a neutral rating in a report on Thursday, September 26th. Zacks Investment Research upgraded shares of Micro Focus International from a sell rating to a hold rating in a report on Wednesday, September 25th. Goldman Sachs Group downgraded shares of Micro Focus International from a neutral rating to a sell rating in a report on Tuesday, July 16th. Finally, Jefferies Financial Group began coverage on shares of Micro Focus International in a report on Monday, July 22nd. They set a hold rating and a $21.00 price target for the company. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The stock has a consensus rating of Hold and an average price target of $24.46.
NYSE:MFGP traded up $0.45 during mid-day trading on Thursday, hitting $13.67. 364,695 shares of the company’s stock traded hands, compared to its average volume of 847,042. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.92 and a current ratio of 0.92. The firm’s 50 day simple moving average is $14.42 and its 200 day simple moving average is $21.36. Micro Focus International has a 1 year low of $12.50 and a 1 year high of $27.32.
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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