Stocks: Micro Focus International plc (MCRO) Price Target Increased to GBX 2,880 by Analysts at Canaccord Genuity

Stocks: Micro Focus International plc (MCRO) Price Target Increased to GBX 2,880 by Analysts at Canaccord Genuity

Micro Focus International plc (LON:MCRO) had its price objective boosted by Canaccord Genuity from GBX 2,700 ($34.92) to GBX 2,880 ($37.25) in a research note issued to investors on Thursday. Canaccord Genuity currently has a buy rating on the stock.

A number of other equities research analysts also recently weighed in on MCRO. Citigroup Inc reaffirmed a buy rating and issued a GBX 2,875 ($37.18) target price on shares of Micro Focus International plc in a report on Monday, February 20th. Numis Securities Ltd reaffirmed a not rated rating on shares of Micro Focus International plc in a report on Friday, February 24th. Deutsche Bank AG reaffirmed a buy rating and issued a GBX 2,900 ($37.51) target price on shares of Micro Focus International plc in a report on Wednesday. Peel Hunt reaffirmed a buy rating on shares of Micro Focus International plc in a report on Thursday, January 19th. Finally, Barclays PLC reaffirmed an overweight rating and issued a GBX 2,600 ($33.63) target price on shares of Micro Focus International plc in a report on Tuesday, April 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. Micro Focus International plc has a consensus rating of Buy and a consensus target price of GBX 2,287.67 ($29.59).

Micro Focus International plc (LON:MCRO) traded up 0.24% during trading on Thursday, hitting GBX 2465.00. The company had a trading volume of 1,434,885 shares. The company’s market capitalization is GBX 5.65 billion. The stock has a 50-day moving average of GBX 2,439.91 and a 200 day moving average of GBX 2,213.66. Micro Focus International plc has a one year low of GBX 1,408.00 and a one year high of GBX 2,666.54.

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.

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