Micro Focus International (MCRO) Given “Overweight” Rating at Barclays

Barclays reiterated their overweight rating on shares of Micro Focus International (LON:MCRO) in a research report released on Wednesday, December 20th. The brokerage currently has a GBX 2,600 ($35.26) target price on the stock.

A number of other research firms also recently issued reports on MCRO. Credit Suisse Group reissued an underperform rating and issued a GBX 1,921 ($26.05) price target on shares of Micro Focus International in a research note on Friday, September 8th. Numis Securities reaffirmed a buy rating and set a GBX 2,800 ($37.97) target price on shares of Micro Focus International in a research note on Friday, September 8th. Citigroup reaffirmed a neutral rating and set a GBX 2,430 ($32.95) target price on shares of Micro Focus International in a research note on Thursday, September 7th. Deutsche Bank reiterated a buy rating and set a GBX 2,800 ($37.97) price target on shares of Micro Focus International in a report on Thursday, September 28th. Finally, Goldman Sachs Group assumed coverage on shares of Micro Focus International in a report on Wednesday, December 13th. They set a neutral rating and a GBX 2,600 ($35.26) price target on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of GBX 2,551.20 ($34.60).

Shares of Micro Focus International (LON:MCRO) traded down GBX 3 ($0.04) during trading hours on Wednesday, hitting GBX 2,278 ($30.89). 2,660,389 shares of the stock traded hands, compared to its average volume of 1,420,000. 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 company has a market capitalization of $9,890.00 and a P/E ratio of 4,556.00.

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

In related news, insider Darren Roos purchased 3,101 shares of Micro Focus International stock in a transaction on Wednesday, January 10th. The shares were bought at an average cost of GBX 2,257 ($30.61) per share, for a total transaction 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.

Analyst Recommendations for Micro Focus International (LON:MCRO)

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