Micro Focus International plc (MCRO) Earns Buy Rating from Numis Securities Ltd
Numis Securities Ltd reaffirmed their buy rating on shares of Micro Focus International plc (LON:MCRO) in a research note published on Friday morning. The brokerage currently has a GBX 2,800 ($36.16) target price on the stock.
MCRO has been the subject of several other research reports. Barclays PLC reaffirmed an overweight rating and issued a GBX 2,600 ($33.58) price objective on shares of Micro Focus International plc in a research note on Friday, June 2nd. Investec reaffirmed a hold rating and issued a GBX 2,150 ($27.77) price objective on shares of Micro Focus International plc in a research note on Thursday, July 13th. Canaccord Genuity upped their price objective on Micro Focus International plc from GBX 2,700 ($34.87) to GBX 2,880 ($37.19) and gave the company a buy rating in a research note on Thursday, May 11th. Credit Suisse Group reaffirmed an underperform rating and issued a GBX 1,921 ($24.81) price objective on shares of Micro Focus International plc in a research note on Wednesday, August 30th. Finally, Deutsche Bank AG reaffirmed a buy rating and issued a GBX 2,900 ($37.45) price objective on shares of Micro Focus International plc in a research note on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. Micro Focus International plc has a consensus rating of Hold and an average price target of GBX 2,488.10 ($32.13).
Micro Focus International plc (MCRO) opened at 2362.00 on Friday. The stock has a 50 day moving average of GBX 2,379.30 and a 200 day moving average of GBX 2,495.28. Micro Focus International plc has a 52 week low of GBX 1,944.00 and a 52 week high of GBX 2,675.00. The company’s market cap is GBX 5.42 billion.
Micro Focus International plc (LON:MCRO) last released its quarterly earnings data on Wednesday, July 12th. The company reported $1.76 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.76. Micro Focus International plc had a return on equity of 8.40% and a net margin of 9.65%. Equities research analysts predict that Micro Focus International plc will post $1.73 earnings per share for the current fiscal year.
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The business also recently announced a dividend, which was paid on Friday, August 25th. Investors of record on Thursday, August 3rd were issued a GBX 45.22 ($0.58) dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This is a boost from Micro Focus International plc’s previous dividend of $23.60. This represents a yield of 2.24%.
In related news, insider Kevin Loosemore bought 49,000 shares of Micro Focus International plc stock in a transaction that occurred on Tuesday, July 18th. The shares were acquired 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.
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