Micro Focus’ (MCRO) “Neutral” Rating Reiterated at Citigroup

Citigroup reissued their neutral rating on shares of Micro Focus (LON:MCRO) in a research note issued to investors on Monday.

MCRO has been the topic of a number of other research reports. Investec upgraded Micro Focus to a hold rating and reduced their target price for the company from GBX 1,900 ($25.77) to GBX 1,000 ($13.56) in a report on Tuesday, March 20th. Canaccord Genuity reduced their target price on Micro Focus from GBX 2,880 ($39.07) to GBX 2,800 ($37.98) and set a buy rating on the stock in a report on Thursday, January 25th. Goldman Sachs reduced their target price on Micro Focus from GBX 2,400 ($32.56) to GBX 1,200 ($16.28) and set a neutral rating on the stock in a report on Wednesday, March 21st. JPMorgan Chase cut Micro Focus to an underweight rating and reduced their target price for the company from GBX 2,500 ($33.91) to GBX 900 ($12.21) in a report on Tuesday, March 20th. Finally, Numis Securities upgraded Micro Focus to a buy rating and set a GBX 2,840 ($38.52) target price on the stock in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 1,352.22 ($18.34).

Shares of Micro Focus stock opened at GBX 1,353 ($18.35) on Monday. Micro Focus has a twelve month low of GBX 26.78 ($0.36) and a twelve month high of GBX 2,970.50 ($40.29).

In related news, insider Kevin Loosemore acquired 20,156 shares of Micro Focus stock in a transaction on Wednesday, March 21st. The shares were bought at an average price of GBX 1,006 ($13.65) per share, for a total transaction of £202,769.36 ($275,053.39). Also, insider Darren Roos acquired 5,291 shares of Micro Focus stock in a transaction on Friday, March 23rd. The shares were bought at an average price of GBX 940 ($12.75) per share, for a total transaction of £49,735.40 ($67,465.27).

Micro Focus Company Profile

Micro Focus International plc, an infrastructure software company, develops, sells, and supports software products and solutions to federal, airlines, and healthcare industries in the United Kingdom, the United States, Germany, France, Japan, and internationally. The company operates through Micro Focus and SUSE segments.

Analyst Recommendations for Micro Focus (LON:MCRO)

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