Micro Focus International plc (LON:MCRO) declared a dividend on Monday, January 8th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, January 18th will be given a dividend of GBX 25.63 ($0.36) per share on Friday, February 9th. This represents a yield of 1.16%. The ex-dividend date of this dividend is Thursday, January 18th. The official announcement can be accessed at this link.
Micro Focus International (MCRO) traded up GBX 8 ($0.11) during trading on Friday, hitting GBX 2,138 ($30.02). 1,546,993 shares of the stock were exchanged, compared to its average volume of 1,500,000. The company has a market cap of $9,250.00 and a P/E ratio of 4,454.17. Micro Focus International has a one year low of GBX 26.78 ($0.38) and a one year high of GBX 2,970.50 ($41.71).
In other Micro Focus International news, insider Darren Roos purchased 3,101 shares of the stock in a transaction on Wednesday, January 10th. The shares were purchased at an average price of GBX 2,257 ($31.69) per share, with a total value of £69,989.57 ($98,286.15).
MCRO has been the topic of several research analyst reports. Goldman Sachs Group initiated 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 ($36.51) price objective on the stock. Deutsche Bank downgraded shares of Micro Focus International to a “hold” rating and set a GBX 2,800 ($39.32) target price on the stock. in a research report on Monday, November 27th. Credit Suisse Group reissued an “underperform” rating and issued a GBX 1,942 ($27.27) target price on shares of Micro Focus International in a research report on Monday, November 20th. Numis Securities reissued a “buy” rating and issued a GBX 2,800 ($39.32) target price on shares of Micro Focus International in a research report on Friday, January 5th. Finally, Barclays lifted their target price on shares of Micro Focus International from GBX 2,600 ($36.51) to GBX 2,750 ($38.62) and gave the stock an “overweight” rating in a research report on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 2,509.20 ($35.24).
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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.
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