Micro Focus International plc (LON:MCRO)‘s stock had its “buy” rating reissued by analysts at Peel Hunt in a research note issued on Thursday.

Several other brokerages have also recently issued reports on MCRO. Citigroup Inc. reaffirmed a “buy” rating and set a GBX 2,100 ($26.01) price objective on shares of Micro Focus International plc in a report on Monday, July 18th. JPMorgan Chase & Co. upped their price objective on Micro Focus International plc from GBX 1,600 ($19.82) to GBX 1,800 ($22.30) and gave the stock a “neutral” rating in a report on Friday, July 15th. Numis Securities Ltd upped their price objective on Micro Focus International plc from GBX 1,850 ($22.92) to GBX 2,050 ($25.39) and gave the stock a “buy” rating in a report on Thursday, July 14th. Barclays PLC upped their price objective on Micro Focus International plc from GBX 1,780 ($22.05) to GBX 2,150 ($26.63) and gave the stock an “overweight” rating in a report on Tuesday, July 19th. Finally, Panmure Gordon upped their price objective on Micro Focus International plc from GBX 2,034 ($25.20) to GBX 2,052 ($25.42) and gave the stock a “buy” rating in a report on Thursday, July 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. Micro Focus International plc currently has a consensus rating of “Hold” and a consensus price target of GBX 1,827.18 ($22.63).

Analyst Recommendations for Micro Focus International plc (LON:MCRO)

Micro Focus International plc (LON:MCRO) opened at 1987.00 on Thursday. Micro Focus International plc has a 12 month low of GBX 1,236.00 and a 12 month high of GBX 2,400.00. The firm’s 50-day moving average price is GBX 2,149.27 and its 200 day moving average price is GBX 1,869.17. The stock’s market cap is GBX 4.54 billion.

Micro Focus International plc Company Profile

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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