Micro Focus International PLC – (MFGP) Receives Average Rating of “Strong Buy” from Brokerages
Shares of Micro Focus International PLC – (NYSE:MFGP) have earned an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Zacks has also given Micro Focus International an industry rank of 122 out of 255 based on the ratings given to its competitors.
A number of brokerages recently issued reports on MFGP. ValuEngine lowered Micro Focus International from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Canaccord Genuity upgraded Micro Focus International to a “buy” rating in a research note on Thursday, May 17th. Credit Suisse Group reiterated an “underperform” rating on shares of Micro Focus International in a research note on Monday, July 16th. Finally, Zacks Investment Research lowered Micro Focus International from a “buy” rating to a “hold” rating in a research note on Thursday, May 31st.
Micro Focus International traded up $0.13, reaching $15.91, during midday trading on Friday, MarketBeat reports. The stock had a trading volume of 11,796 shares, compared to its average volume of 1,129,002. Micro Focus International has a 52-week low of $12.67 and a 52-week high of $36.21.
The business also recently disclosed a special dividend, which will be paid on Friday, August 31st. Shareholders of record on Friday, August 3rd will be paid a dividend of $0.5833 per share. The ex-dividend date of this dividend is Thursday, August 2nd. This is a positive change from Micro Focus International’s previous special dividend of $0.35.
Micro Focus International Company Profile
Micro Focus International plc, an infrastructure software company, develops, sells, and supports software products and solutions to federal, airlines, and healthcare industries in the United Kingdom, the United States, Germany, France, Japan, and internationally. The company operates through Micro Focus and SUSE segments.
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