Micro Focus International (MCRO) Rating Reiterated by Citigroup

Citigroup reissued their neutral rating on shares of Micro Focus International (LON:MCRO) in a research note published on Monday.

Several other brokerages have also commented on MCRO. Credit Suisse Group reaffirmed an underperform rating and issued a GBX 1,942 ($26.14) price objective on shares of Micro Focus International in a research report on Monday, November 20th. Deutsche Bank lowered shares of Micro Focus International to a hold rating and set a GBX 2,800 ($37.69) price objective for the company. in a research report on Monday, November 27th. Canaccord Genuity reaffirmed a buy rating and issued a GBX 2,880 ($38.76) price objective on shares of Micro Focus International in a research report on Tuesday, November 28th. Numis Securities reaffirmed a buy rating and issued a GBX 2,800 ($37.69) price objective on shares of Micro Focus International in a research report on Friday, September 8th. Finally, J P Morgan Chase & Co reaffirmed a neutral rating and issued a GBX 2,700 ($36.34) price objective on shares of Micro Focus International in a research report on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of GBX 2,518.20 ($33.89).

Micro Focus International (LON:MCRO) opened at GBX 2,424 ($32.62) on Monday. Micro Focus International has a 1 year low of GBX 26.78 ($0.36) and a 1 year high of GBX 2,749 ($37.00).

In other Micro Focus International news, insider Kevin Loosemore purchased 30,000 shares of Micro Focus International stock in a transaction on Friday, September 22nd. The stock was bought at an average cost of GBX 2,426 ($32.65) per share, with a total value of £727,800 ($979,542.40).

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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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