London: Micro Focus International PLC (LON:MCRO) Stock Has Just Had Its Buy Rating Reiterated by Investec. Shares now Have a GBX 1600.00 Target

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Micro Focus International PLC (LON:MCRO) Rating Reaffirmed

They currently have a GBX 1600.00 target PPS on Micro Focus International PLC (LON:MCRO). The target price by Investec would suggest a potential upside of 8.47% from the company’s last price. This has been announced in analysts report on Thursday, 10 December.

From a total of 11 analysts covering Micro Focus International (LON:MCRO) stock, 8 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 73% of the ratings are positive. The highest target price is GBX 24.44 while the lowest target price is GBX 19.06. The mean of all analyst targets is GBX 21.95 with a -1.83% below today’s (GBX 1474) stock price. Micro Focus International was the topic of 26 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Liberum Capital maintained shares on December 10 with “Hold” rating. Peel Hunt maintained shares with “Buy” rating and GBX 1450 target share price in a report from a November 3. Numis Securities maintained MCRO stock in a recent report from December 7 with “Buy” rating. Barclays Capital maintained the rating on October 21. Barclays Capital has a “Overweight” rating and a GBX 1400 price target on shares. Finally, UBS maintained the stock with “Buy” rating in a report issued on a November 4.

Approximately 293,259 shares of stock traded hands. Micro Focus International plc (LON:MCRO) has risen 3.02% since May 13, 2015 and is uptrending. It has outperformed by 4.95% the S&P500.

London: Micro Focus International PLC (LON:MCRO) Stock Has Just Had Its Buy Rating Reiterated by Investec. Shares now Have a GBX 1600.00 Target

Micro Focus International plc is a United Kingdom company, which is engaged in managing mature infrastructure software assets. The company has a market cap of 3.18 billion GBP. The Company’s products include Micro Focus, such as COBOL Development and Mainframe Solutions, Host Connectivity, Identity Access and Security, Development and IT Operations Management Tools, Collaboration and Networking, and SUSE. It has 36.62 P/E ratio. SUSE is open source software, which provides Linux and cloud infrastructure solutions.

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