Brokerages Set Micro Focus International plc (MCRO) PT at $2,564.67
Shares of Micro Focus International plc (LON:MCRO) have earned a consensus recommendation of “Hold” from the ten ratings firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 2,542.44 ($34.48).
MCRO has been the topic of several recent research reports. Credit Suisse Group reaffirmed an “underperform” rating and issued a GBX 1,942 ($26.34) price objective on shares of Micro Focus International in a research note on Monday, November 6th. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 2,880 ($39.06) price objective on shares of Micro Focus International in a research note on Tuesday, November 28th. Barclays raised their price objective on Micro Focus International from GBX 2,600 ($35.26) to GBX 2,750 ($37.29) and gave the stock an “overweight” rating in a research note on Tuesday, January 9th. Deutsche Bank downgraded Micro Focus International to a “hold” rating and set a GBX 2,800 ($37.97) price objective on the stock. in a research note on Monday, November 27th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Micro Focus International in a research note on Monday, December 4th.
In other Micro Focus International news, insider Darren Roos bought 3,101 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The stock was purchased at an average price of GBX 2,257 ($30.61) per share, for a total transaction of £69,989.57 ($94,913.98).
The firm also recently announced a dividend, which will be paid on Friday, February 9th. Investors of record on Thursday, January 18th will be given a dividend of GBX 25.63 ($0.35) per share. This represents a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, January 18th.
Micro Focus International 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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