Micro Focus International plc (MCRO) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Micro Focus International plc (LON:MCRO) have received a consensus recommendation of “Hold” from the eleven brokerages that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 2,460.70 ($31.94).

A number of equities analysts have weighed in on the stock. Deutsche Bank AG reissued a “buy” rating and issued a GBX 2,800 ($36.35) price objective on shares of Micro Focus International plc in a research report on Thursday, July 13th. Barclays PLC reissued an “overweight” rating and issued a GBX 2,600 ($33.75) price objective on shares of Micro Focus International plc in a research report on Monday, July 31st. Investec reissued a “hold” rating and issued a GBX 2,150 ($27.91) price objective on shares of Micro Focus International plc in a research report on Thursday, July 13th. Numis Securities Ltd reissued an “add” rating and issued a GBX 2,740 ($35.57) price objective on shares of Micro Focus International plc in a research report on Wednesday, June 14th. Finally, Citigroup Inc. reissued a “neutral” rating and issued a GBX 2,215 ($28.76) price objective on shares of Micro Focus International plc in a research report on Tuesday, July 18th.

ILLEGAL ACTIVITY NOTICE: This report was first reported by [[site]] and is the property of of [[site]]. If you are accessing this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this report can be accessed at [[permalink]].

Micro Focus International plc (MCRO) traded down 1.72% on Friday, reaching GBX 2174.00. The company had a trading volume of 608,262 shares. The stock’s 50-day moving average price is GBX 2,183.86 and its 200 day moving average price is GBX 2,307.99. The firm’s market capitalization is GBX 4.99 billion. Micro Focus International plc has a 52-week low of GBX 1,944.00 and a 52-week high of GBX 2,675.00.

The business also recently declared a dividend, which will be paid on Friday, August 25th. Stockholders of record on Thursday, August 3rd will be given a dividend of GBX 45.22 ($0.59) per share. This is a boost from Micro Focus International plc’s previous dividend of $23.60. The ex-dividend date is Thursday, August 3rd. This represents a dividend yield of 2.24%.

In related news, insider Kevin Loosemore purchased 49,000 shares of Micro Focus International plc stock in a transaction dated Tuesday, July 18th. The shares were acquired at an average price of GBX 2,171 ($28.18) per share, with a total value of £1,063,790 ($1,381,007.40).

Micro Focus International plc Company Profile

Micro Focus International plc is a United Kingdom-based global software company. The Company is engaged in delivering and supporting software solutions. The Company enables customers to utilize new technology solutions while maximizing the value of their investments in information technology (IT) infrastructure and business applications.