Micro Focus International plc (LON:MCRO) Given Average Rating of “Hold” by Brokerages
Shares of Micro Focus International plc (LON:MCRO) have been given an average recommendation of “Hold” by the eleven ratings firms that are currently covering the stock. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 1,811.56 ($23.65).
Several research firms recently issued reports on MCRO. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 1,600 ($20.89) price objective on shares of Micro Focus International plc in a report on Tuesday, July 12th. Peel Hunt reaffirmed a “buy” rating on shares of Micro Focus International plc in a report on Thursday, September 15th. Citigroup Inc. reaffirmed a “buy” rating and set a GBX 2,100 ($27.41) price objective on shares of Micro Focus International plc in a report on Monday, July 18th. Numis Securities Ltd upped their price objective on shares of Micro Focus International plc from GBX 1,850 ($24.15) to GBX 2,050 ($26.76) and gave the stock a “buy” rating in a report on Thursday, July 14th. Finally, Barclays PLC upped their price objective on shares of Micro Focus International plc from GBX 1,780 ($23.23) to GBX 2,150 ($28.06) and gave the stock an “overweight” rating in a report on Tuesday, July 19th.
Shares of Micro Focus International plc (LON:MCRO) opened at 2251.00 on Wednesday. The company’s market cap is GBX 5.15 billion. Micro Focus International plc has a 12 month low of GBX 1,150.00 and a 12 month high of GBX 2,400.00. The company’s 50 day moving average is GBX 2,107.06 and its 200-day moving average is GBX 1,771.51.
The firm also recently disclosed a dividend, which was paid on Friday, October 7th. Stockholders of record on Thursday, September 1st were paid a GBX 37.40 ($0.49) dividend. This is a boost from Micro Focus International plc’s previous dividend of $11.29. The ex-dividend date was Thursday, September 1st. This represents a dividend yield of 2.02%.
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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