Micro Focus International plc (MCRO) Sets New 12-Month High at $2,702.00

Shares of Micro Focus International plc (LON:MCRO) reached a new 52-week high on Thursday . The company traded as high as GBX 2,702 ($35.54) and last traded at GBX 2,702 ($35.54), with a volume of 1282340 shares traded. The stock had previously closed at GBX 2,702 ($35.54).

MCRO has been the topic of a number of research analyst reports. Credit Suisse Group restated an “underperform” rating and issued a GBX 1,921 ($25.27) target price on shares of Micro Focus International plc in a research note on Friday, September 8th. Numis Securities Ltd restated a “buy” rating and issued a GBX 2,800 ($36.83) target price on shares of Micro Focus International plc in a research note on Friday, September 8th. Citigroup Inc. restated a “neutral” rating and issued a GBX 2,430 ($31.96) target price on shares of Micro Focus International plc in a research note on Thursday, September 7th. Deutsche Bank AG restated a “buy” rating and issued a GBX 2,800 ($36.83) target price on shares of Micro Focus International plc in a research note on Thursday, September 28th. Finally, Barclays PLC restated an “overweight” rating and issued a GBX 2,600 ($34.20) target price on shares of Micro Focus International plc in a research note on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 2,518.20 ($33.12).

In other Micro Focus International plc news, insider Kevin Loosemore acquired 30,000 shares of the company’s stock in a transaction dated Friday, September 22nd. The shares were purchased at an average cost of GBX 2,426 ($31.91) per share, for a total transaction of £727,800 ($957,253.72).

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About Micro Focus International plc

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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