Micro Focus International plc’s (MCRO) Underperform Rating Reiterated at Credit Suisse Group
Credit Suisse Group reissued their underperform rating on shares of Micro Focus International plc (LON:MCRO) in a research note released on Monday morning. The brokerage currently has a GBX 1,942 ($25.54) price objective on the stock.
Other equities analysts have also issued research reports about the stock. Deutsche Bank AG reiterated a buy rating and set a GBX 2,800 ($36.83) price objective on shares of Micro Focus International plc in a report on Thursday, October 5th. Numis Securities Ltd reiterated a buy rating and set a GBX 2,800 ($36.83) price objective on shares of Micro Focus International plc in a report on Friday, September 8th. Canaccord Genuity reiterated a buy rating and set a GBX 2,880 ($37.88) price objective on shares of Micro Focus International plc in a report on Wednesday, July 12th. Investec reiterated a hold rating and set a GBX 2,150 ($28.28) price objective on shares of Micro Focus International plc in a report on Thursday, July 13th. Finally, Citigroup Inc. reiterated a neutral rating and set a GBX 2,430 ($31.96) price objective on shares of Micro Focus International plc in a report on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Micro Focus International plc currently has an average rating of Hold and an average price target of GBX 2,518.20 ($33.12).
Shares of Micro Focus International plc (MCRO) opened at GBX 2,659 ($34.97) on Monday. Micro Focus International plc has a 1 year low of GBX 1,944 ($25.57) and a 1 year high of GBX 2,688 ($35.35).
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In other Micro Focus International plc news, insider Kevin Loosemore bought 30,000 shares of the stock in a transaction that occurred on Friday, September 22nd. The shares were bought at an average price of GBX 2,426 ($31.91) per share, for a total transaction of £727,800 ($957,253.72).
About Micro Focus International plc
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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