Micro Focus International (MCRO) Stock Rating Reaffirmed by Canaccord Genuity
Micro Focus International (LON:MCRO)‘s stock had its “buy” rating reiterated by research analysts at Canaccord Genuity in a research note issued to investors on Tuesday. They currently have a GBX 2,880 ($38.57) price objective on the stock. Canaccord Genuity’s target price indicates a potential upside of 16.98% from the stock’s previous close.
Several other research firms have also recently weighed in on MCRO. Credit Suisse Group reaffirmed an “underperform” rating and issued a GBX 1,921 ($25.73) price target on shares of Micro Focus International in a report on Friday, September 8th. Numis Securities reaffirmed a “buy” rating and issued a GBX 2,800 ($37.50) price target on shares of Micro Focus International in a report on Friday, September 8th. Citigroup reaffirmed a “neutral” rating and issued a GBX 2,430 ($32.54) price target on shares of Micro Focus International in a report on Thursday, September 7th. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 2,800 ($37.50) price target on shares of Micro Focus International in a report on Thursday, September 28th. Finally, Barclays reissued an “overweight” rating and issued a GBX 2,600 ($34.82) target price on shares of Micro Focus International in a research note on Monday, July 31st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 2,518.20 ($33.72).
Micro Focus International (MCRO) opened at GBX 2,462 ($32.97) on Tuesday. Micro Focus International has a 1-year low of GBX 26.78 ($0.36) and a 1-year high of GBX 2,749 ($36.82).
In other news, insider Kevin Loosemore bought 30,000 shares of Micro Focus International stock in a transaction that occurred on Friday, September 22nd. The shares were acquired at an average price of GBX 2,426 ($32.49) per share, with a total value of £727,800 ($974,688.63).
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About Micro Focus International
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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