Micro Focus International (MCRO) Given Underweight Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their underweight rating on shares of Micro Focus International (LON:MCRO) in a report released on Wednesday.

MCRO has been the topic of several other reports. Deutsche Bank reissued a hold rating on shares of Micro Focus International in a research note on Tuesday. Barclays reissued an overweight rating on shares of Micro Focus International in a research note on Tuesday, July 10th. UBS Group reissued a buy rating and issued a GBX 1,950 ($25.48) price target on shares of Micro Focus International in a research note on Tuesday, September 25th. Finally, Numis Securities reissued a buy rating and issued a GBX 1,680 ($21.95) price target on shares of Micro Focus International in a research note on Tuesday, September 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of GBX 1,328.50 ($17.36).

MCRO traded up GBX 38.50 ($0.50) during trading on Wednesday, hitting GBX 1,294 ($16.91). The stock had a trading volume of 1,899,703 shares, compared to its average volume of 1,560,000. Micro Focus International has a twelve month low of GBX 26.78 ($0.35) and a twelve month high of GBX 2,970.50 ($38.81).

In related news, insider Kevin Loosemore purchased 4,866 shares of the company’s stock in a transaction that occurred on Wednesday, September 5th. The shares were purchased at an average price of GBX 1,309 ($17.10) per share, with a total value of £63,695.94 ($83,230.03).

Micro Focus International Company Profile

Micro Focus International plc, an infrastructure software company, develops, sells, and supports software products and solutions to federal, airlines, and healthcare industries in the United Kingdom, the United States, Germany, France, Japan, and internationally. The company operates through Micro Focus and SUSE segments.

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Analyst Recommendations for Micro Focus International (LON:MCRO)

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