Deutsche Bank restated their hold rating on shares of Micro Focus International (LON:MCRO) in a research report sent to investors on Tuesday morning.
Several other research firms also recently issued reports on MCRO. Citigroup lowered their price objective on Micro Focus International from GBX 2,200 ($28.75) to GBX 1,285 ($16.79) and set a neutral rating for the company in a research note on Monday, July 9th. Numis Securities reaffirmed a buy rating and issued a GBX 1,680 ($21.95) price objective on shares of Micro Focus International in a research note on Monday. UBS Group reaffirmed a buy rating and issued a GBX 1,950 ($25.48) price objective on shares of Micro Focus International in a research note on Tuesday, September 25th. Barclays reaffirmed an overweight rating on shares of Micro Focus International in a research note on Tuesday, July 10th. Finally, JPMorgan Chase & Co. reaffirmed an underweight rating on shares of Micro Focus International in a research note on Thursday, August 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of GBX 1,328.50 ($17.36).
Shares of MCRO stock traded up GBX 12 ($0.16) on Tuesday, reaching GBX 1,253 ($16.37). The company had a trading volume of 1,255,559 shares, compared to its average volume of 1,560,000. Micro Focus International has a one year low of GBX 26.78 ($0.35) and a one year high of GBX 2,970.50 ($38.81).
In other news, insider Kevin Loosemore bought 4,866 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The shares were bought at an average cost of GBX 1,309 ($17.10) per share, for a total transaction of £63,695.94 ($83,230.03).
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.
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