Micro Focus International plc (MCRO) Receives Overweight Rating from Barclays PLC

Barclays PLC reissued their overweight rating on shares of Micro Focus International plc (LON:MCRO) in a research report report published on Tuesday. They currently have a GBX 2,600 ($31.62) price target on the stock.

MCRO has been the topic of a number of other reports. Peel Hunt reissued a buy rating on shares of Micro Focus International plc in a research report on Thursday, September 15th. Numis Securities Ltd reissued a not rated rating on shares of Micro Focus International plc in a research report on Thursday, November 24th. Credit Suisse Group increased their price objective on shares of Micro Focus International plc from GBX 1,732 ($21.06) to GBX 2,150 ($26.15) and gave the company a neutral rating in a research report on Thursday, December 15th. Finally, Beaufort Securities reissued a buy rating and issued a GBX 2,600 ($31.62) price objective on shares of Micro Focus International plc in a research report on Thursday, December 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. Micro Focus International plc currently has an average rating of Buy and a consensus target price of GBX 1,997 ($24.29).

Micro Focus International plc (LON:MCRO) traded up 0.23% on Tuesday, reaching GBX 2140.00. 316,495 shares of the company were exchanged. The stock’s market capitalization is GBX 4.91 billion. Micro Focus International plc has a 52 week low of GBX 1,275.00 and a 52 week high of GBX 2,400.00. The stock has a 50-day moving average price of GBX 2,126.16 and a 200 day moving average price of GBX 2,019.86.

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The firm also recently announced a dividend, which will be paid on Friday, January 27th. Shareholders of record on Thursday, January 5th will be issued a dividend of GBX 23.60 ($0.29) per share. The ex-dividend date of this dividend is Thursday, January 5th. This represents a yield of 1.06%.

In other Micro Focus International plc news, insider Richard Atkins bought 702 shares of the company’s stock in a transaction on Wednesday, December 21st. The stock was purchased at an average cost of GBX 2,158 ($26.24) per share, for a total transaction of £15,149.16 ($18,422.91).

Micro Focus International plc 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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