Barclays PLC reaffirmed their overweight rating on shares of Micro Focus International plc (LON:MCRO) in a research note released on Monday, July 31st. Barclays PLC currently has a GBX 2,600 ($33.75) price objective on the stock.
Other equities analysts have also issued research reports about the stock. Canaccord Genuity reissued a buy rating and issued a GBX 2,880 ($37.39) price target on shares of Micro Focus International plc in a report on Wednesday, July 12th. Numis Securities Ltd raised shares of Micro Focus International plc to a buy rating and set a GBX 2,740 ($35.57) price target on the stock in a report on Wednesday, July 12th. Deutsche Bank AG reissued a buy rating and issued a GBX 2,900 ($37.65) price target on shares of Micro Focus International plc in a report on Wednesday, May 10th. Investec reaffirmed a hold rating and issued a GBX 2,150 ($27.91) price objective on shares of Micro Focus International plc in a research note on Thursday, July 13th. Finally, Citigroup Inc. reaffirmed a neutral rating and issued a GBX 2,215 ($28.76) price objective on shares of Micro Focus International plc in a research note on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of GBX 2,400.18 ($31.16).
Shares of Micro Focus International plc (MCRO) opened at 2174.00 on Monday. Micro Focus International plc has a 12 month low of GBX 1,944.00 and a 12 month high of GBX 2,675.00. The firm’s market cap is GBX 4.99 billion. The firm has a 50-day moving average of GBX 2,183.86 and a 200-day moving average of GBX 2,309.57.
The company also recently declared a dividend, which will be paid on Friday, August 25th. Shareholders of record on Thursday, August 3rd will be given a dividend of GBX 45.22 ($0.59) per share. The ex-dividend date is Thursday, August 3rd. This represents a yield of 2.24%. This is a boost from Micro Focus International plc’s previous dividend of $23.60.
In other news, insider Kevin Loosemore purchased 49,000 shares of the company’s stock in a transaction on Tuesday, July 18th. The stock was acquired at an average price of GBX 2,171 ($28.18) per share, with a total value of £1,063,790 ($1,381,007.40).
About Micro Focus International plc
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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