Shares of Micro Focus International plc (LON:MCRO) have been assigned an average rating of “Hold” from the eleven research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 2,518.20 ($33.12).
Several research analysts have issued reports on the company. Credit Suisse Group reiterated an “underperform” rating and issued a GBX 1,942 ($25.54) price target on shares of Micro Focus International in a report on Monday, November 20th. Deutsche Bank AG downgraded Micro Focus International to a “hold” rating and set a GBX 2,800 ($36.83) price objective for the company. in a research note on Monday. Numis Securities Ltd reissued a “buy” rating and issued a GBX 2,800 ($36.83) price objective on shares of Micro Focus International in a research note on Friday, September 8th. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 2,700 ($35.51) price objective on shares of Micro Focus International in a research note on Monday, October 16th. Finally, Citigroup Inc. reissued a “neutral” rating and issued a GBX 2,430 ($31.96) price objective on shares of Micro Focus International in a research note on Thursday, September 7th.
In other Micro Focus International news, insider Kevin Loosemore purchased 30,000 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The stock was bought at an average cost of GBX 2,426 ($31.91) per share, with a total value of £727,800 ($957,253.72).
Shares of Micro Focus International (MCRO) traded down GBX 94.64 ($1.24) during trading on Monday, hitting GBX 2,560.36 ($33.68). The company had a trading volume of 538,580 shares, compared to its average volume of 1,140,000. Micro Focus International has a 52 week low of GBX 26.78 ($0.35) and a 52 week high of GBX 2,749 ($36.16).
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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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