Numis Securities reissued their buy rating on shares of Micro Focus International (LON:MCRO) in a report released on Friday, Digital Look reports. Numis Securities currently has a GBX 2,350 ($30.71) target price on the stock.
Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. reiterated an underweight rating on shares of Micro Focus International in a research report on Monday, April 8th. UBS Group restated a buy rating on shares of Micro Focus International in a research report on Tuesday, April 2nd. Barclays downgraded shares of Micro Focus International to an equal weight rating and boosted their price target for the stock from GBX 1,800 ($23.52) to GBX 2,000 ($26.13) in a research report on Friday, April 12th. Goldman Sachs Group downgraded shares of Micro Focus International to a neutral rating in a research report on Monday, January 28th. Finally, Credit Suisse Group downgraded shares of Micro Focus International to an underperform rating and boosted their price target for the stock from GBX 1,235 ($16.14) to GBX 1,469 ($19.20) in a research report on Wednesday, February 20th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of GBX 1,758 ($22.97).
Shares of LON:MCRO opened at GBX 1,780.40 ($23.26) on Friday. The stock has a market capitalization of $7.43 billion and a P/E ratio of 11.30. Micro Focus International has a fifty-two week low of GBX 1,131.50 ($14.79) and a fifty-two week high of GBX 2,084 ($27.23). The company has a debt-to-equity ratio of 60.22, a quick ratio of 0.76 and a current ratio of 1.25.
The business also recently declared a dividend, which will be paid on Monday, May 13th. Shareholders of record on Tuesday, April 30th will be given a dividend of GBX 335.86 ($4.39) per share. This is an increase from Micro Focus International’s previous dividend of $45.22. The ex-dividend date of this dividend is Tuesday, April 30th. Micro Focus International’s payout ratio is 0.56%.
In related news, insider Richard Atkins sold 1,300 shares of the business’s stock in a transaction that occurred on Monday, February 18th. The shares were sold at an average price of GBX 1,755 ($22.93), for a total value of £22,815 ($29,811.84). Also, insider Kevin Loosemore sold 264,084 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of GBX 1,946 ($25.43), for a total transaction of £5,139,074.64 ($6,715,111.25). Insiders have sold a total of 711,430 shares of company stock worth $1,411,403,286 over the last 90 days.
About Micro Focus International
Micro Focus International plc, an infrastructure software company, develops, sells, and supports software products and solutions to small and medium size enterprises. The company offers infrastructure software products that are managed on an investment portfolio. Its product portfolio includes application modernization and connectivity, application delivery management, and IT operations management, as well as security, information management, and Governance.
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