Micro Focus International plc (LON:MCRO) has been assigned an average recommendation of “Hold” from the eleven research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is GBX 2,516.10 ($33.20).
A number of brokerages recently commented on MCRO. Deutsche Bank AG restated a “buy” rating and set a GBX 2,800 ($36.95) price objective on shares of Micro Focus International plc in a report on Friday, September 8th. Numis Securities Ltd restated a “buy” rating and set a GBX 2,800 ($36.95) price objective on shares of Micro Focus International plc in a report on Friday, September 8th. Canaccord Genuity restated a “buy” rating and set a GBX 2,880 ($38.00) price objective on shares of Micro Focus International plc in a report on Wednesday, July 12th. Investec restated a “hold” rating and set a GBX 2,150 ($28.37) price objective on shares of Micro Focus International plc in a report on Thursday, July 13th. Finally, Citigroup Inc. restated a “neutral” rating and set a GBX 2,430 ($32.07) price objective on shares of Micro Focus International plc in a report on Thursday, September 7th.
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In other Micro Focus International plc news, insider Kevin Loosemore purchased 30,000 shares of the stock in a transaction on Friday, September 22nd. The shares were purchased at an average cost of GBX 2,426 ($32.01) per share, for a total transaction of £727,800 ($960,411.72).
Shares of Micro Focus International plc (MCRO) traded down GBX 2 ($0.03) during midday trading on Thursday, hitting GBX 2,669 ($35.22). 1,026,107 shares of the stock were exchanged, compared to its average volume of 1,110,000. Micro Focus International plc has a 52 week low of GBX 1,944 ($25.65) and a 52 week high of GBX 2,688 ($35.47).
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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