November 29, 2016 - By Louis Casey
They currently have a GBX 2600.00 target on Micro Focus International PLC (LON:MCRO). Barclays Capital’s target would suggest a potential upside of 23.72% from the company’s current stock price. This was disclosed in analysts report on 29 November.
Out of 13 analysts covering Micro Focus International (LON:MCRO), 7 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 54% are positive. GBX 2740 is the highest target while GBX 1230 is the lowest. The GBX 1978.23 average target is -6.02% below today’s (GBX 2105) stock price. Micro Focus International has been the topic of 78 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Micro Focus International plc (LON:MCRO) has “Buy” rating given on Friday, September 9 by Citigroup. Credit Suisse maintained Micro Focus International plc (LON:MCRO) on Friday, January 8 with “Neutral” rating. The stock has “Buy” rating given by Panmure Gordon on Friday, September 18. JP Morgan maintained the stock with “Neutral” rating in Friday, July 15 report. JP Morgan maintained Micro Focus International plc (LON:MCRO) rating on Wednesday, May 25. JP Morgan has “Neutral” rating and GBX 1600 price target. Numis Securities maintained Micro Focus International plc (LON:MCRO) rating on Monday, December 7. Numis Securities has “Buy” rating and GBX 1565 price target. The stock of Micro Focus International plc (LON:MCRO) has “Overweight” rating given on Wednesday, March 23 by Barclays Capital. The stock of Micro Focus International plc (LON:MCRO) earned “Buy” rating by Panmure Gordon on Thursday, July 14. The stock has “Buy” rating given by Panmure Gordon on Tuesday, June 7. The firm has “Buy” rating given on Monday, February 1 by Panmure Gordon.
About 71,943 shares traded hands. Micro Focus International plc (LON:MCRO) has risen 36.10% since April 29, 2016 and is uptrending. It has outperformed by 30.84% the S&P500.
Micro Focus International plc is a United Kingdom global software company. The company has a market cap of 4.85 billion GBP. The Firm is engaged in delivering and supporting software solutions. It has a 36.47 P/E ratio. The Firm enables clients to utilize new technology solutions while maximizing the value of their investments in information technology infrastructure and business applications.
More notable recent Micro Focus International plc (LON:MCRO) news were published by: Bloomberg.com which released: “HPE to Merge Software With Micro Focus in $8.8 Billion Deal” on September 07, 2016, also Forbes.com with their article: “HPE Spins Its Non-Core Software Assets For $8.8 Billion Into Merger With Micro …” published on September 09, 2016, Bloomberg.com published: “British Shares Rise as Micro Focus Surges on Deal With HPE” on September 08, 2016. More interesting news about Micro Focus International plc (LON:MCRO) were released by: Uk.Finance.Yahoo.com and their article: “Micro Focus International plc (MCRO.L)” published on March 29, 2014 as well as Marketwatch.com‘s news article titled: “Micro Focus shares surge 22% on HP software deal” with publication date: April 16, 2011.
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By Louis Casey