Micro Focus International (LON:MCRO)‘s stock had its “buy” rating reiterated by equities research analysts at Numis Securities in a research note issued on Tuesday, Analyst Ratings Network reports. They presently have a GBX 650 ($8.49) price objective on the stock. Numis Securities’ price objective points to a potential upside of 33.72% from the company’s current price.
Several other research analysts have also commented on the stock. Barclays reiterated an “equal weight” rating and set a GBX 400 ($5.23) price objective on shares of Micro Focus International in a research note on Wednesday, February 10th. Credit Suisse Group dropped their target price on shares of Micro Focus International from GBX 540 ($7.06) to GBX 350 ($4.57) and set a “neutral” rating on the stock in a research report on Thursday, February 11th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 422.14 ($5.52).
Shares of LON:MCRO traded up GBX 14.88 ($0.19) during trading hours on Tuesday, hitting GBX 486.08 ($6.35). The company’s stock had a trading volume of 2,395,640 shares, compared to its average volume of 1,561,314. The company has a debt-to-equity ratio of 154.54, a current ratio of 0.86 and a quick ratio of 0.82. The company has a market capitalization of £1.63 billion and a price-to-earnings ratio of -0.77. The firm’s fifty day moving average price is GBX 523.81 and its 200 day moving average price is GBX 438.61. Micro Focus International has a 52 week low of GBX 205.80 ($2.69) and a 52 week high of GBX 596.20 ($7.79).
Micro Focus International plc engages in the enterprise software business in the United Kingdom, the United States, Germany, Canada, France, Japan, and internationally. The company offers infrastructure software products that are managed on a portfolio. Its product portfolio includes application modernization and connectivity, application delivery management, IT operations management, security and information management, and governance.
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