Micro Focus International plc (LON:MCRO) has been assigned an average recommendation of “Hold” from the ten ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 1,621 ($21.18).
Several research analysts have recently weighed in on MCRO shares. JPMorgan Chase & Co. boosted their price target on shares of Micro Focus International from GBX 1,380 ($18.03) to GBX 1,440 ($18.82) and gave the company an “underweight” rating in a research report on Friday, February 15th. Goldman Sachs Group upped their target price on shares of Micro Focus International from GBX 1,700 ($22.21) to GBX 1,900 ($24.83) and gave the company a “neutral” rating in a research report on Thursday, March 14th. Credit Suisse Group cut shares of Micro Focus International to an “underperform” rating and upped their target price for the company from GBX 1,235 ($16.14) to GBX 1,469 ($19.20) in a research report on Wednesday, February 20th. Barclays reaffirmed an “overweight” rating on shares of Micro Focus International in a research report on Thursday, December 6th. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 2,050 ($26.79) target price (up previously from GBX 1,700 ($22.21)) on shares of Micro Focus International in a research report on Thursday, March 14th.
Shares of MCRO stock opened at GBX 1,940 ($25.35) on Friday. The company has a debt-to-equity ratio of 60.22, a quick ratio of 0.76 and a current ratio of 1.25. The stock has a market cap of $7.83 billion and a PE ratio of 14.83. Micro Focus International has a twelve month low of GBX 782.20 ($10.22) and a twelve month high of GBX 1,930 ($25.22).
In other Micro Focus International news, insider Richard Atkins sold 1,300 shares of the company’s stock in a transaction dated Monday, February 18th. The shares were sold at an average price of GBX 1,755 ($22.93), for a total value of £22,815 ($29,811.84).
Micro Focus International Company Profile
Micro Focus International plc, an infrastructure software company, develops, sells, and supports software products and solutions to federal, airlines, and healthcare industries in the United Kingdom, the United States, Germany, France, Japan, and internationally. The company operates through Micro Focus and SUSE segments.
Read More: What is insider trading?
Receive News & Ratings for Micro Focus International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Micro Focus International and related companies with MarketBeat.com's FREE daily email newsletter.