Micro Focus International (LON:MCRO) Rating Reiterated by Numis Securities
Numis Securities reissued their buy rating on shares of Micro Focus International (LON:MCRO) in a research note issued to investors on Friday, January 5th. Numis Securities currently has a GBX 2,800 ($39.32) price target on the stock.
Other research analysts have also recently issued reports about the stock. Deutsche Bank reissued a buy rating and set a GBX 2,800 ($39.32) price target on shares of Micro Focus International in a research report on Thursday, October 5th. Canaccord Genuity restated a buy rating and set a GBX 2,880 ($40.44) price objective on shares of Micro Focus International in a research note on Tuesday, November 28th. Citigroup reiterated a neutral rating and issued a GBX 2,430 ($34.12) price target on shares of Micro Focus International in a research note on Thursday, September 7th. Goldman Sachs Group initiated coverage on shares of Micro Focus International in a report on Wednesday, December 13th. They issued a neutral rating and a GBX 2,600 ($36.51) price objective on the stock. Finally, JPMorgan Chase & Co. reissued a neutral rating and issued a GBX 2,700 ($37.92) target price on shares of Micro Focus International in a report on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of GBX 2,523.20 ($35.43).
Micro Focus International (LON MCRO) traded up GBX 2 ($0.03) during trading hours on Friday, hitting GBX 2,196 ($30.84). 1,224,065 shares of the stock traded hands, compared to its average volume of 1,500,000. Micro Focus International has a 12-month low of GBX 26.78 ($0.38) and a 12-month high of GBX 2,970.50 ($41.71). The stock has a market cap of $9,620.00 and a PE ratio of 4,575.00.
In other news, insider Darren Roos acquired 3,101 shares of the company’s stock in a transaction dated Wednesday, January 10th. The shares were acquired at an average price of GBX 2,257 ($31.69) per share, with a total value of £69,989.57 ($98,286.15).
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Micro Focus International Company Profile
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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