Micro Focus International plc (MCRO) Receives Consensus Rating of “Hold” from Brokerages

Shares of Micro Focus International plc (LON:MCRO) have been assigned a consensus recommendation of “Hold” from the ten analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 2,518 ($35.31).

Several analysts have issued reports on MCRO shares. Numis Securities downgraded shares of Micro Focus International to an “add” rating and set a GBX 2,980 ($41.78) target price on the stock. in a research note on Monday, January 8th. JPMorgan Chase & Co. cut their target price on shares of Micro Focus International from GBX 2,700 ($37.86) to GBX 2,500 ($35.05) and set a “neutral” rating on the stock in a research note on Wednesday, January 17th. Goldman Sachs Group started coverage on shares of Micro Focus International in a research note on Wednesday, December 13th. They set a “neutral” rating and a GBX 2,600 ($36.46) target price on the stock. Canaccord Genuity reissued a “buy” rating and set a GBX 2,880 ($40.38) target price on shares of Micro Focus International in a research note on Tuesday, November 28th. Finally, Barclays boosted their target price on shares of Micro Focus International from GBX 2,600 ($36.46) to GBX 2,750 ($38.56) and gave the company an “overweight” rating in a research note on Tuesday, January 9th.

Micro Focus International (LON:MCRO) traded down GBX 43 ($0.60) during midday trading on Friday, hitting GBX 2,006 ($28.13). The company’s stock had a trading volume of 1,590,000 shares, compared to its average volume of 1,730,000. The company has a market capitalization of $8,730.00 and a PE ratio of 4,093.88. Micro Focus International has a 52 week low of GBX 26.78 ($0.38) and a 52 week high of GBX 2,970.50 ($41.65).

The business also recently declared a dividend, which was paid on Friday, February 9th. Stockholders of record on Thursday, January 18th were issued a dividend of GBX 25.63 ($0.36) per share. This represents a dividend yield of 1.16%. The ex-dividend date was Thursday, January 18th.

In related news, insider Darren Roos purchased 3,101 shares of the stock in a transaction dated Wednesday, January 10th. The shares were acquired at an average cost of GBX 2,257 ($31.65) per share, for a total transaction of £69,989.57 ($98,134.56).

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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.

Analyst Recommendations for Micro Focus International (LON:MCRO)

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