Micro Focus International (LON:MCRO) had its price objective dropped by analysts at JPMorgan Chase & Co. from GBX 2,700 ($36.62) to GBX 2,500 ($33.90) in a report released on Wednesday. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 16.06% from the stock’s current price.
Other equities analysts have also issued research reports about the company. Numis Securities lowered Micro Focus International to an “add” rating and set a GBX 2,980 ($40.41) price objective on the stock. in a report on Monday, January 8th. Deutsche Bank reissued a “buy” rating and set a GBX 2,800 ($37.97) price target on shares of Micro Focus International in a report on Thursday, October 5th. Canaccord Genuity reissued a “buy” rating and set a GBX 2,880 ($39.06) price target on shares of Micro Focus International in a report on Tuesday, November 28th. Goldman Sachs Group started coverage on 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. Finally, Citigroup reissued a “neutral” rating on shares of Micro Focus International in a report on Monday, December 4th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 2,531.20 ($34.33).
Shares of Micro Focus International (LON MCRO) traded down GBX 4 ($0.05) during mid-day trading on Wednesday, hitting GBX 2,154 ($29.21). The company’s stock had a trading volume of 1,010,952 shares, compared to its average volume of 1,530,000. The stock has a market capitalization of $9,320.00 and a price-to-earnings ratio of 4,395.92. Micro Focus International has a 12 month low of GBX 26.78 ($0.36) and a 12 month high of GBX 2,970.50 ($40.28).
In other news, insider Darren Roos acquired 3,101 shares of Micro Focus International stock in a transaction that occurred on Wednesday, January 10th. The stock was purchased at an average price of GBX 2,257 ($30.61) per share, for a total transaction of £69,989.57 ($94,913.98).
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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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