Micro Focus International (LON:MCRO) Receives “Sell” Rating from Citigroup

Citigroup reissued their sell rating on shares of Micro Focus International (LON:MCRO) in a report published on Wednesday, Digital Look reports. The firm currently has a GBX 1,700 ($22.21) price target on the stock.

A number of other equities analysts have also weighed in on the stock. Numis Securities reiterated a buy rating on shares of 3i Group in a research report on Thursday, May 16th. JPMorgan Chase & Co. set a $60.00 target price on shares of Bayerische Motoren Werke and gave the stock a sell rating in a research report on Monday, April 8th. UBS Group reiterated a hold rating and set a $145.00 target price on shares of Baidu in a research report on Friday, July 5th. Goldman Sachs Group set a $27.00 target price on shares of Melco Resorts & Entertainment and gave the stock a buy rating in a research report on Tuesday, May 28th. Finally, Barclays increased their target price on shares of from GBX 7,500 ($98.00) to GBX 8,100 ($105.84) and gave the stock an overweight rating in a research report on Monday, July 8th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Micro Focus International has a consensus rating of Hold and a consensus price target of GBX 1,887 ($24.66).

Shares of LON:MCRO opened at GBX 1,763.80 ($23.05) on Wednesday. The company has a debt-to-equity ratio of 60.22, a current ratio of 1.25 and a quick ratio of 0.76. The company has a market capitalization of $6.06 billion and a price-to-earnings ratio of 13.48. Micro Focus International has a twelve month low of GBX 1,131.50 ($14.79) and a twelve month high of GBX 2,174.50 ($28.41). The stock’s 50-day simple moving average is GBX 1,988.70.

The firm also recently announced a dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 5th will be given a dividend of GBX 46.66 ($0.61) per share. The ex-dividend date is Thursday, September 5th. This represents a yield of 2.35%. Micro Focus International’s dividend payout ratio is presently 0.82%.

About Micro Focus International

Micro Focus International plc, an infrastructure software company, develops, sells, and supports software products and solutions to small and medium size enterprises. The company offers infrastructure software products that are managed on an investment portfolio. Its product portfolio includes application modernization and connectivity, application delivery management, and IT operations management, as well as security, information management, and Governance.

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Analyst Recommendations for Micro Focus International (LON:MCRO)

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