Shares of Micro Focus International plc (LON:MCRO) have been given an average rating of “Hold” by the eleven analysts that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is GBX 2,488.10 ($32.13).

A number of equities research analysts have commented on the stock. Canaccord Genuity restated a “buy” rating and set a GBX 2,880 ($37.19) target price on shares of Micro Focus International plc in a research note on Wednesday, July 12th. Investec restated a “hold” rating and set a GBX 2,150 ($27.77) target price on shares of Micro Focus International plc in a research note on Thursday, July 13th. Numis Securities Ltd upgraded shares of Micro Focus International plc to a “buy” rating and set a GBX 2,740 ($35.39) target price on the stock in a research note on Wednesday, July 12th. Deutsche Bank AG restated a “buy” rating and set a GBX 2,900 ($37.45) target price on shares of Micro Focus International plc in a research note on Friday, June 2nd. Finally, Citigroup Inc. restated a “neutral” rating and set a GBX 2,215 ($28.61) target price on shares of Micro Focus International plc in a research note on Tuesday, July 18th.

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In related news, insider Kevin Loosemore acquired 49,000 shares of Micro Focus International plc stock in a transaction dated Tuesday, July 18th. The shares were purchased at an average price of GBX 2,171 ($28.04) per share, for a total transaction of £1,063,790 ($1,373,873.18).

Micro Focus International plc (MCRO) traded down 0.54% during mid-day trading on Wednesday, reaching GBX 2404.00. 3,327,017 shares of the company were exchanged. The stock has a 50 day moving average of GBX 2,378.41 and a 200-day moving average of GBX 2,496.30. The stock’s market capitalization is GBX 5.11 billion. Micro Focus International plc has a one year low of GBX 2,098.67 and a one year high of GBX 2,887.82.

The business also recently disclosed a dividend, which was paid on Friday, August 25th. Stockholders of record on Thursday, August 3rd were given a dividend of GBX 45.22 ($0.58) per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a dividend yield of 2.24%. This is a boost from Micro Focus International plc’s previous dividend of $23.60.

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.

Analyst Recommendations for Micro Focus International plc (LON:MCRO)

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