Micro Focus International plc (MCRO) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Micro Focus International plc (LON:MCRO) have been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is GBX 2,528 ($34.02).

A number of research firms recently issued reports on MCRO. Barclays reissued an “overweight” rating and issued a GBX 2,600 ($34.99) price target on shares of Micro Focus International in a research note on Wednesday. Goldman Sachs Group began coverage on shares of Micro Focus International in a research note on Wednesday, December 13th. They issued a “neutral” rating and a GBX 2,600 ($34.99) price target for the company. Citigroup reissued a “neutral” rating on shares of Micro Focus International in a research note on Monday, December 4th. Canaccord Genuity reissued a “buy” rating and issued a GBX 2,880 ($38.76) price target on shares of Micro Focus International in a research note on Tuesday, November 28th. Finally, Deutsche Bank downgraded shares of Micro Focus International to a “hold” rating and set a GBX 2,800 ($37.69) price target for the company. in a research note on Monday, November 27th.

Shares of Micro Focus International (LON MCRO) traded up GBX 4 ($0.05) during trading hours on Friday, hitting GBX 2,499 ($33.63). 337,281 shares of the stock traded hands, compared to its average volume of 1,170,000. Micro Focus International has a 52-week low of GBX 26.78 ($0.36) and a 52-week high of GBX 2,749 ($37.00).

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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.

Analyst Recommendations for Micro Focus International (LON:MCRO)

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