Peel Hunt reaffirmed their buy rating on shares of Micro Focus International plc (LON:MCRO) in a research note released on Thursday morning.

A number of other brokerages have also commented on MCRO. Barclays PLC reissued an overweight rating and issued a GBX 2,150 ($28.06) price objective on shares of Micro Focus International plc in a research report on Friday, September 9th. Canaccord Genuity raised shares of Micro Focus International plc to a buy rating in a research report on Friday, September 9th. Numis Securities Ltd reissued an add rating and issued a GBX 2,150 ($28.06) price objective on shares of Micro Focus International plc in a research report on Thursday, August 4th. Citigroup Inc. reissued a buy rating and issued a GBX 2,100 ($27.41) price objective on shares of Micro Focus International plc in a research report on Monday, July 18th. Finally, Credit Suisse Group AG reissued a neutral rating and issued a GBX 1,732 ($22.61) price objective on shares of Micro Focus International plc in a research report on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. Micro Focus International plc currently has an average rating of Hold and a consensus price target of GBX 1,827.18 ($23.85).

Shares of Micro Focus International plc (LON:MCRO) opened at 2135.00 on Thursday. The firm’s market capitalization is GBX 4.88 billion. The firm has a 50-day moving average of GBX 2,034.68 and a 200 day moving average of GBX 1,712.62. Micro Focus International plc has a 52-week low of GBX 1,150.00 and a 52-week high of GBX 2,400.00.

The company also recently disclosed a dividend, which will be paid on Friday, October 7th. Shareholders of record on Thursday, September 1st will be paid a dividend of GBX 37.40 ($0.49) per share. This represents a yield of 2.02%. This is an increase from Micro Focus International plc’s previous dividend of $11.29. The ex-dividend date of this dividend is Thursday, September 1st.

Micro Focus International plc Company Profile

Micro Focus International plc is engaged in providing software to clients around the world. The Company operates through two segments: Micro Focus Product Portfolio and SUSE Product Portfolio. From within the Micro Focus Product Portfolio, the Company manages the corporate support functions of human resources, information technology, facilities, finance, legal and the project management office for acquisitions and integration.

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