Rating On Watch: Barclays Maintains a Overweight Rating on Micro Focus International (LON:MCRO) and GBX 2600.00 Target

November 29, 2016 - By Darrin Black

Micro Focus International (LON:MCRO) Rating

In analysts note revealed to clients and investors on Tuesday morning, Micro Focus International (LON:MCRO) stock had its Overweight Rating reconfirmed by professional analysts at Barclays. They currently have a GBX 2600.00 TP on firm. Barclays’s target would suggest a potential upside of 22.99% from the company’s last stock close price.

Micro Focus International plc (LON:MCRO) Ratings Coverage

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 -6.85% below today’s (GBX 2123.81) stock price. Micro Focus International has been the topic of 78 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Peel Hunt on Tuesday, November 3. The company was maintained on Wednesday, November 4 by Numis Securities. The stock of Micro Focus International plc (LON:MCRO) earned “Buy” rating by Numis Securities on Tuesday, December 1. Credit Suisse maintained Micro Focus International plc (LON:MCRO) on Friday, December 11 with “Neutral” rating. Barclays Capital maintained Micro Focus International plc (LON:MCRO) rating on Wednesday, October 21. Barclays Capital has “Overweight” rating and GBX 1400 price target. Numis Securities maintained it with “Buy” rating and GBX 1810 target price in Tuesday, March 1 report. The rating was downgraded by Numis Securities to “Add” on Tuesday, January 5. The firm has “Overweight” rating by Barclays Capital given on Friday, December 11. Barclays Capital maintained Micro Focus International plc (LON:MCRO) rating on Monday, October 12. Barclays Capital has “Overweight” rating and GBX 1400 price target. The stock has “Overweight” rating given by Barclays Capital on Friday, September 9.

The stock increased 2.06% or GBX 42.81 on November 29, hitting GBX 2123.81. About 573,151 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 4.89 billion GBP. The Firm is engaged in delivering and supporting software solutions. It has a 36.8 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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