Micro Focus International plc (LON:MCRO) Receives Consensus Rating of “Hold” from Brokerages
Micro Focus International plc (LON:MCRO) has received an average recommendation of “Hold” from the eleven research firms that are currently covering the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is GBX 1,811.56 ($23.65).
A number of analysts have recently commented on MCRO shares. Peel Hunt reaffirmed a “buy” rating on shares of Micro Focus International plc in a research note on Thursday, September 15th. Canaccord Genuity raised Micro Focus International plc to a “buy” rating in a research note on Friday, September 9th. Barclays PLC reissued an “overweight” rating and set a GBX 2,150 ($28.06) target price on shares of Micro Focus International plc in a research note on Friday, September 9th. Numis Securities Ltd reissued an “add” rating and set a GBX 2,150 ($28.06) target price on shares of Micro Focus International plc in a research note on Thursday, August 4th. Finally, Citigroup Inc. reissued a “buy” rating and set a GBX 2,100 ($27.41) target price on shares of Micro Focus International plc in a research note on Monday, July 18th.
Micro Focus International plc (LON:MCRO) traded down 1.50% during mid-day trading on Wednesday, reaching GBX 2233.00. 644,855 shares of the company’s stock were exchanged. Micro Focus International plc has a 52-week low of GBX 1,150.00 and a 52-week high of GBX 2,400.00. The company’s market cap is GBX 5.11 billion. The stock has a 50-day moving average price of GBX 2,091.14 and a 200 day moving average price of GBX 1,759.77.
The business also recently disclosed a dividend, which will be paid on Friday, October 7th. Stockholders of record on Thursday, September 1st will be issued a GBX 37.40 ($0.49) dividend. This represents a dividend yield of 2.02%. The ex-dividend date is Thursday, September 1st. This is an increase from Micro Focus International plc’s previous dividend of $11.29.
About Micro Focus International plc
Micro Focus International plc is engaged in providing software to clients around the world. The Company operates through two segments: Micro Focus Product Portfolio and SUSE Product Portfolio. From within the Micro Focus Product Portfolio, the Company manages the corporate support functions of human resources, information technology, facilities, finance, legal and the project management office for acquisitions and integration.
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