Micro Focus International plc (MCRO) Receives Consensus Rating of “Hold” from Analysts
Micro Focus International plc (LON:MCRO) has earned an average recommendation of “Hold” from the eleven brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and seven have assigned 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 2,460.70 ($31.94).
A number of equities analysts have commented on MCRO shares. Barclays PLC restated an “overweight” rating and issued a GBX 2,600 ($33.75) price target on shares of Micro Focus International plc in a research report on Monday, July 31st. Citigroup Inc. reaffirmed a “buy” rating and issued a GBX 2,755 ($35.77) target price on shares of Micro Focus International plc in a research note on Tuesday, April 25th. Deutsche Bank AG assumed coverage on shares of Micro Focus International plc in a research note on Friday, April 28th. They issued a “buy” rating and a GBX 2,900 ($37.65) target price for the company. Canaccord Genuity boosted their target price on shares of Micro Focus International plc from GBX 2,700 ($35.05) to GBX 2,880 ($37.39) and gave the stock a “buy” rating in a research note on Thursday, May 11th. Finally, Credit Suisse Group reaffirmed an “underperform” rating and issued a GBX 1,922 ($24.95) target price on shares of Micro Focus International plc in a research note on Thursday, June 29th.
In other Micro Focus International plc news, insider Kevin Loosemore purchased 49,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The stock was acquired at an average cost of GBX 2,171 ($28.18) per share, with a total value of £1,063,790 ($1,381,007.40).
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Micro Focus International plc (MCRO) traded down 1.72% on Friday, hitting GBX 2174.00. 608,262 shares of the company were exchanged. The stock has a 50 day moving average price of GBX 2,183.86 and a 200 day moving average price of GBX 2,307.99. Micro Focus International plc has a one year low of GBX 1,944.00 and a one year high of GBX 2,675.00. The firm’s market cap is GBX 4.99 billion.
The business also recently announced a dividend, which will be paid on Friday, August 25th. Shareholders of record on Thursday, August 3rd will be paid a GBX 45.22 ($0.59) dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This is an increase from Micro Focus International plc’s previous dividend of $23.60. This represents a dividend yield of 2.24%.
Micro Focus International plc Company Profile
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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