Micro Focus International (LON:MCRO) Rating Reaffirmed
London: In analysts report announced on Thursday, 3 December, Canaccord Genuity maintained their Buy rating on Micro Focus International (LON:MCRO) shares. They now have a GBX 1420 target price on the company. Canaccord Genuity’s target provides a potential upside of 8.07% from the company’s current stock price.
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 24.73 while the lowest target price is GBX 19.29. The mean of all analyst targets is GBX 22.18 with a 9.79% above today’s (GBX 1318) stock price. Micro Focus International was the topic of 22 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Numis Securities maintained shares on December 1 with “Buy” rating. Barclays Capital maintained shares with “Overweight” rating and GBX 1400 target share price in a report from an October 21. Canaccord Genuity maintained MCRO stock in a recent report from November 4 with “Buy” rating. Liberum Capital maintained the rating on September 22. Liberum Capital has a “Hold” rating and a GBX 1300 price target on shares. Finally, Peel Hunt maintained the stock with “Buy” rating in a report issued on a November 3.
Approximately 24,753 shares of stock traded hands. Micro Focus International plc (LON:MCRO) has risen 1.80% since May 6, 2015 and is uptrending. It has outperformed by 2.09% the S&P500.
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 2.89 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 32.62 P/E ratio. SUSE is open source software, which provides Linux and cloud infrastructure solutions.