Micro Focus International PLC (LON:MCRO) Rating Reaffirmed
The firm has just set a TP of GBX 1700.00 on Micro Focus International PLC (LON:MCRO) shares. This is 11.37% from the close price. In a comprehensive report revealed to investors on 11 December, Canaccord Genuity kept steady their Buy 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 24.44 while the lowest target price is GBX 19.06. The mean of all analyst targets is GBX 21.95 with a -4.23% below today’s (GBX 1540) 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 55,818 shares of stock traded hands. 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.
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 2.91 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 38.71 P/E ratio. SUSE is open source software, which provides Linux and cloud infrastructure solutions.