Deutsche Bank Reaffirms “Hold” Rating for Micro Focus International (MCRO)

Deutsche Bank reiterated their hold rating on shares of Micro Focus International (LON:MCRO) in a report released on Tuesday morning.

Several other analysts have also recently commented on the stock. Numis Securities restated a buy rating and set a GBX 1,680 ($21.95) price objective on shares of Micro Focus International in a research note on Monday, November 5th. UBS Group restated a buy rating and set a GBX 1,950 ($25.48) price objective on shares of Micro Focus International in a research note on Tuesday, September 25th. JPMorgan Chase & Co. restated an underweight rating on shares of Micro Focus International in a research note on Thursday, August 30th. Barclays restated an overweight rating on shares of Micro Focus International in a research note on Tuesday, July 10th. Finally, Citigroup decreased their price objective on shares of Micro Focus International from GBX 2,200 ($28.75) to GBX 1,285 ($16.79) and set a neutral rating for the company in a research note on Monday, July 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of GBX 1,328.50 ($17.36).

Shares of LON MCRO opened at GBX 1,284.50 ($16.78) on Tuesday. Micro Focus International has a 12 month low of GBX 26.78 ($0.35) and a 12 month high of GBX 2,970.50 ($38.81).

In other news, insider Kevin Loosemore bought 4,866 shares of the business’s stock in a transaction dated Wednesday, September 5th. The stock was purchased at an average cost of GBX 1,309 ($17.10) per share, with a total value of £63,695.94 ($83,230.03).

Micro Focus International Company Profile

Micro Focus International plc, an infrastructure software company, develops, sells, and supports software products and solutions to federal, airlines, and healthcare industries in the United Kingdom, the United States, Germany, France, Japan, and internationally. The company operates through Micro Focus and SUSE segments.

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Analyst Recommendations for Micro Focus International (LON:MCRO)

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