Micro Focus International plc (MCRO) Price Target Raised to GBX 2,880

Micro Focus International plc (LON:MCRO) had its target price increased by equities research analysts at Canaccord Genuity from GBX 2,700 ($34.16) to GBX 2,880 ($36.43) in a research report issued to clients and investors on Thursday, May 11th. The firm presently has a “buy” rating on the stock. Canaccord Genuity’s target price indicates a potential upside of 20.05% from the stock’s current price.

Several other research firms have also weighed in on MCRO. Deutsche Bank AG assumed coverage on Micro Focus International plc in a research report on Friday, April 28th. They set a “buy” rating and a GBX 2,900 ($36.69) price target on the stock. Citigroup Inc. reaffirmed a “buy” rating and set a GBX 2,755 ($34.85) price target on shares of Micro Focus International plc in a research report on Tuesday, April 25th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 2,600 ($32.89) price target on shares of Micro Focus International plc in a research report on Tuesday, April 11th. Bank of America Corporation downgraded Micro Focus International plc to an “underperform” rating and set a GBX 2,280 ($28.84) target price for the company. in a research note on Wednesday, April 12th. Finally, Numis Securities Ltd reiterated a “not rated” rating on shares of Micro Focus International plc in a research note on Friday, February 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 2,396.09 ($30.31).

Analyst Recommendations for Micro Focus International plc (LON:MCRO)

Shares of Micro Focus International plc (LON:MCRO) opened at 2399.00 on Thursday. Micro Focus International plc has a 12 month low of GBX 1,408.00 and a 12 month high of GBX 2,675.00. The company’s market cap is GBX 5.50 billion. The firm’s 50-day moving average price is GBX 2,472.36 and its 200-day moving average price is GBX 2,278.50.

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About Micro Focus International plc

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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