Numis Securities reaffirmed their buy rating on shares of Micro Focus International (LON:MCRO) in a research note published on Friday. Numis Securities currently has a GBX 2,800 ($37.97) price objective on the stock.
Several other analysts have also issued reports on MCRO. Citigroup reiterated a neutral rating and set a GBX 2,430 ($32.95) price objective on shares of Micro Focus International in a report on Thursday, September 7th. Deutsche Bank reiterated a buy rating and set a GBX 2,800 ($37.97) price objective on shares of Micro Focus International in a report on Friday, September 8th. Credit Suisse Group reiterated an underperform rating and set a GBX 1,921 ($26.05) price objective on shares of Micro Focus International in a report on Friday, September 8th. JPMorgan Chase & Co. restated a neutral rating and set a GBX 2,700 ($36.62) target price on shares of Micro Focus International in a report on Monday, October 16th. Finally, Canaccord Genuity restated a buy rating and set a GBX 2,880 ($39.06) target price on shares of Micro Focus International in a report on Tuesday, November 28th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Micro Focus International currently has an average rating of Hold and a consensus price target of GBX 2,536.20 ($34.39).
Shares of Micro Focus International (MCRO) opened at GBX 2,145 ($29.09) on Friday. Micro Focus International has a 1-year low of GBX 26.78 ($0.36) and a 1-year high of GBX 2,749 ($37.28). The stock has a market capitalization of $9,530.00 and a price-to-earnings ratio of 4,047.17.
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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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