Breaking: J.P. Morgan Reiterates GBX 1600 Target On Micro Focus International (LON:MCRO) Shares, Reiterates Their Original “Neutral” Rating

Share

Micro Focus International (LON:MCRO) Rating Reaffirmed

The financial company has just set a price target of GBX 1600 on Micro Focus International (LON:MCRO) shares. This is 3.83% from the stock close price. In an interesting research report released on Friday morning, J.P. Morgan kept steady their “Neutral” rating on shares of MCRO.

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 24.82 while the lowest target price is GBX 19.35. The mean of all analyst targets is GBX 22.43 with a -3.92% below today’s (GBX 1535) stock price. Micro Focus International was the topic of 28 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Investec maintained shares on December 10 with “Buy” rating. UBS maintained shares with “Buy” rating and GBX 1460 target share price in a report from a November 4. Liberum Capital maintained MCRO stock in a recent report from December 10 with “Hold” rating. Peel Hunt maintained the rating on November 3. Peel Hunt has a “Buy” rating and a GBX 1450 price target on shares. Finally, Panmure Gordon maintained the stock with “Buy” rating in a report issued on a November 24.

Approximately 635,552 shares of stock traded hands or 79.08% up from the average. Micro Focus International plc (LON:MCRO) has risen 17.25% since May 14, 2015 and is uptrending. It has outperformed by 20.27% the S&P500.

Breaking: J.P. Morgan Reiterates GBX 1600 Target On Micro Focus International (LON:MCRO) Shares, Reiterates Their Original

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 2.90 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 38.58 P/E ratio. SUSE is open source software, which provides Linux and cloud infrastructure solutions.

COMMENTS: