Micro Focus International (LON:MCRO) had its price target lifted by Barclays from GBX 2,600 ($35.26) to GBX 2,750 ($37.29) in a research note issued to investors on Tuesday morning. They currently have an overweight rating on the stock.
Several other analysts have also recently commented on the stock. Goldman Sachs Group initiated coverage on shares of Micro Focus International in a research report on Wednesday, December 13th. They set a neutral rating and a GBX 2,600 ($35.26) target price for the company. Deutsche Bank cut shares of Micro Focus International to a hold rating and set a GBX 2,800 ($37.97) target price for the company. in a research report on Monday, November 27th. Credit Suisse Group reiterated an underperform rating and set a GBX 1,942 ($26.34) target price on shares of Micro Focus International in a research report on Monday, November 20th. Citigroup reiterated a neutral rating on shares of Micro Focus International in a research report on Monday, December 4th. Finally, JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 2,700 ($36.62) target price 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, six have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of GBX 2,551.20 ($34.60).
Shares of Micro Focus International (MCRO) opened at GBX 2,280 ($30.92) on Tuesday. The company has a market cap of $9,870.00 and a price-to-earnings ratio of 4,560.00. Micro Focus International has a 1 year low of GBX 26.78 ($0.36) and a 1 year high of GBX 2,970.50 ($40.28).
In other news, insider Darren Roos purchased 3,101 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The stock was bought at an average price of GBX 2,257 ($30.61) per share, with a total value of £69,989.57 ($94,913.98).
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Micro Focus International Company Profile
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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