A number of other analysts have also commented on MCRO. Canaccord Genuity reaffirmed a buy rating and issued a GBX 2,880 ($38.76) target price on shares of Micro Focus International in a research report on Tuesday, November 28th. Deutsche Bank reissued a buy rating and set a GBX 2,800 ($37.69) price objective on shares of Micro Focus International in a report on Thursday, September 28th. J P Morgan Chase & Co reissued a neutral rating and set a GBX 2,700 ($36.34) price objective on shares of Micro Focus International in a report on Monday, October 16th. Numis Securities upped their target price on Micro Focus International from GBX 2,740 ($36.88) to GBX 2,800 ($37.69) and gave the company a buy rating in a report on Friday, September 1st. Finally, Credit Suisse Group reaffirmed an underperform rating and issued a GBX 1,921 ($25.85) target price on shares of Micro Focus International in a report on Wednesday, August 30th. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of GBX 2,518.20 ($33.89).
Micro Focus International (LON:MCRO) opened at GBX 2,414 ($32.49) on Monday. Micro Focus International has a 52 week low of GBX 26.78 ($0.36) and a 52 week high of GBX 2,749 ($37.00).
In other Micro Focus International news, insider Kevin Loosemore acquired 30,000 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was purchased at an average price of GBX 2,426 ($32.65) per share, for a total transaction of £727,800 ($979,542.40).
About Micro Focus International
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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