Goldman Sachs Group began coverage on shares of Micro Focus International (LON:MCRO) in a research note issued on Wednesday. The firm set a “neutral” rating and a GBX 2,600 ($34.99) price target on the stock. Goldman Sachs Group’s price target would indicate a potential upside of 4.46% from the stock’s previous close.
Several other brokerages also recently issued reports on MCRO. Credit Suisse Group reaffirmed an “underperform” rating and set a GBX 1,921 ($25.85) price target on shares of Micro Focus International in a report on Friday, September 8th. Numis Securities reaffirmed a “buy” rating and set a GBX 2,800 ($37.69) price target on shares of Micro Focus International in a report on Friday, September 8th. Citigroup reaffirmed a “neutral” rating and set a GBX 2,430 ($32.71) price target on shares of Micro Focus International in a report on Thursday, September 7th. Deutsche Bank reaffirmed a “buy” rating and set a GBX 2,800 ($37.69) price target on shares of Micro Focus International in a report on Thursday, September 28th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 2,700 ($36.34) price target on shares of Micro Focus International in a report on Monday, October 16th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. Micro Focus International presently has an average rating of “Hold” and a consensus price target of GBX 2,525.64 ($33.99).
Shares of Micro Focus International (LON:MCRO) opened at GBX 2,489 ($33.50) on Wednesday. Micro Focus International has a twelve month low of GBX 26.78 ($0.36) and a twelve month high of GBX 2,749 ($37.00).
In other news, insider Kevin Loosemore bought 30,000 shares of the company’s stock in a transaction dated Friday, September 22nd. The stock was bought at an average price of GBX 2,426 ($32.65) per share, with a total value of £727,800 ($979,542.40).
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Micro Focus International 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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