Micro Focus International plc (MCRO) Receives Average Rating of “Hold” from Analysts

Micro Focus International plc (LON:MCRO) has earned an average recommendation of “Hold” from the nine analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is GBX 1,137.14 ($15.14).

A number of research analysts have recently commented on MCRO shares. Numis Securities reissued a “buy” rating on shares of Micro Focus International in a research report on Wednesday, May 16th. Investec raised shares of Micro Focus International to a “hold” rating and reduced their target price for the stock from GBX 1,900 ($25.30) to GBX 1,000 ($13.31) in a report on Tuesday, March 20th. Deutsche Bank reduced their target price on shares of Micro Focus International from GBX 2,800 ($37.28) to GBX 780 ($10.38) and set a “hold” rating for the company in a report on Tuesday, March 20th. Citigroup reaffirmed a “neutral” rating on shares of Micro Focus International in a report on Monday, May 14th. Finally, Goldman Sachs Group reduced their target price on shares of Micro Focus International from GBX 2,400 ($31.95) to GBX 1,200 ($15.98) and set a “neutral” rating for the company in a report on Wednesday, March 21st.

LON MCRO traded down GBX 13.50 ($0.18) on Friday, reaching GBX 1,354 ($18.03). 502,462 shares of the company were exchanged, compared to its average volume of 1,560,000. Micro Focus International has a fifty-two week low of GBX 26.78 ($0.36) and a fifty-two week high of GBX 2,970.50 ($39.55).

In related news, insider Kevin Loosemore bought 20,156 shares of Micro Focus International stock in a transaction that occurred on Wednesday, March 21st. The stock was acquired at an average price of GBX 1,006 ($13.39) per share, with a total value of £202,769.36 ($269,963.20). Also, insider Darren Roos bought 5,291 shares of Micro Focus International stock in a transaction that occurred on Friday, March 23rd. The shares were bought at an average cost of GBX 940 ($12.51) per share, with a total value of £49,735.40 ($66,216.75).

Micro Focus International 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 International (LON:MCRO)

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