Shares of Micro Focus International plc (LON:MCRO) have been assigned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 2,460.70 ($32.04).
Several brokerages have weighed in on MCRO. Barclays PLC reissued an “overweight” rating and set a GBX 2,600 ($33.86) price target on shares of Micro Focus International plc in a research report on Monday, July 31st. Deutsche Bank AG reissued a “buy” rating and set a GBX 2,800 ($36.46) price target on shares of Micro Focus International plc in a research report on Thursday, July 13th. Citigroup Inc. reaffirmed a “neutral” rating and issued a GBX 2,215 ($28.84) target price on shares of Micro Focus International plc in a research report on Tuesday, July 18th. Investec reaffirmed a “hold” rating and issued a GBX 2,150 ($28.00) target price on shares of Micro Focus International plc in a research report on Thursday, July 13th. Finally, Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 2,740 ($35.68) target price on shares of Micro Focus International plc in a research report on Wednesday, June 14th.
In related news, insider Kevin Loosemore purchased 49,000 shares of Micro Focus International plc stock in a transaction dated Tuesday, July 18th. The stock was purchased at an average cost of GBX 2,171 ($28.27) per share, for a total transaction of £1,063,790 ($1,385,323.61).
Shares of Micro Focus International plc (LON MCRO) traded down 0.57% during trading on Tuesday, hitting GBX 2097.00. 768,900 shares of the stock were exchanged. The firm’s market capitalization is GBX 4.82 billion. The stock’s 50 day moving average price is GBX 2,234.86 and its 200 day moving average price is GBX 2,307.89. Micro Focus International plc has a 52 week low of GBX 1,944.00 and a 52 week high of GBX 2,675.00.
The business also recently declared a dividend, which will be paid on Friday, August 25th. Stockholders of record on Thursday, August 3rd will be paid a GBX 45.22 ($0.59) dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This is a positive change from Micro Focus International plc’s previous dividend of $23.60. This represents a dividend yield of 2.24%.
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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