Citigroup Inc. Reiterates “Neutral” Rating for Micro Focus International plc (MCRO)
Micro Focus International plc (LON:MCRO)‘s stock had its “neutral” rating reissued by Citigroup Inc. in a research note issued on Thursday. They currently have a GBX 2,430 ($31.38) target price on the stock. Citigroup Inc.’s price objective points to a potential upside of 0.25% from the stock’s previous close.
A number of other research analysts also recently commented on the company. Numis Securities Ltd increased their price objective on Micro Focus International plc from GBX 2,740 ($35.39) to GBX 2,800 ($36.16) and gave the company a “buy” rating in a report on Friday, September 1st. Credit Suisse Group reiterated an “underperform” rating and issued a GBX 1,921 ($24.81) price objective on shares of Micro Focus International plc in a report on Wednesday, August 30th. Barclays PLC reiterated an “overweight” rating and issued a GBX 2,600 ($33.58) price objective on shares of Micro Focus International plc in a report on Monday, July 31st. Investec reiterated a “hold” rating and issued a GBX 2,150 ($27.77) price objective on shares of Micro Focus International plc in a report on Thursday, July 13th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a GBX 2,800 ($36.16) price objective on shares of Micro Focus International plc in a report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 2,488.10 ($32.13).
Shares of Micro Focus International plc (MCRO) opened at 2424.00 on Thursday. Micro Focus International plc has a one year low of GBX 2,098.67 and a one year high of GBX 2,887.82. The firm’s market cap is GBX 5.57 billion. The firm has a 50-day moving average price of GBX 2,379.30 and a 200 day moving average price of GBX 2,495.28.
In related news, insider Kevin Loosemore acquired 49,000 shares of the firm’s stock in a transaction on Tuesday, July 18th. The stock was bought at an average cost of GBX 2,171 ($28.04) per share, with a total value 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.
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