Micro Focus International plc (LON:MCRO) had its price target hoisted by Numis Securities Ltd from GBX 2,740 ($35.39) to GBX 2,800 ($36.16) in a research report sent to investors on Friday. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also recently weighed in on the stock. Credit Suisse Group reissued an underperform rating and issued a GBX 1,921 ($24.81) price target on shares of Micro Focus International plc in a research report on Wednesday, August 30th. Barclays PLC reiterated an overweight rating and set a GBX 2,600 ($33.58) price target on shares of Micro Focus International plc in a research note on Monday, July 31st. Citigroup Inc reiterated a neutral rating and set a GBX 2,215 ($28.61) price target on shares of Micro Focus International plc in a research note on Tuesday, July 18th. Investec reiterated a hold rating and set a GBX 2,150 ($27.77) price target on shares of Micro Focus International plc in a research note on Thursday, July 13th. Finally, Deutsche Bank AG reiterated a buy rating and set a GBX 2,800 ($36.16) price target on shares of Micro Focus International plc in a research note on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. Micro Focus International plc presently has a consensus rating of Hold and a consensus price target of GBX 2,405.55 ($31.07).

Shares of Micro Focus International plc (LON:MCRO) opened at 2245.00 on Friday. The stock’s market cap is GBX 5.16 billion. The firm’s 50-day moving average price is GBX 2,379.73 and its 200-day moving average price is GBX 2,497.18. Micro Focus International plc has a 12-month low of GBX 2,098.67 and a 12-month high of GBX 2,887.82.

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The firm also recently declared a dividend, which was paid on Friday, August 25th. Stockholders of record on Thursday, August 3rd were given a GBX 45.22 ($0.58) dividend. This is an increase from Micro Focus International plc’s previous dividend of $23.60. This represents a dividend yield of 2.24%. The ex-dividend date was Thursday, August 3rd.

In other news, insider Kevin Loosemore acquired 49,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The shares were purchased at an average cost of GBX 2,171 ($28.04) per share, for a total transaction of £1,063,790 ($1,373,873.18).

Micro Focus International plc 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.

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

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