Micro Focus International (LON:MCRO)‘s stock had its “buy” rating restated by equities researchers at UBS Group in a note issued to investors on Tuesday, April 2nd, ThisIsMoney.Co.Uk reports.
A number of other equities analysts also recently weighed in on the company. Numis Securities restated a “buy” rating and issued a GBX 2,075 ($27.11) target price on shares of Micro Focus International in a research note on Monday, February 18th. Goldman Sachs Group boosted their target price on Micro Focus International from GBX 1,700 ($22.21) to GBX 1,900 ($24.83) and gave the stock a “neutral” rating in a research note on Thursday, March 14th. Barclays lifted their price target on shares of Micro Focus International from GBX 1,600 ($20.91) to GBX 1,800 ($23.52) and gave the stock an “overweight” rating in a report on Friday, February 15th. Credit Suisse Group cut shares of Micro Focus International to an “underperform” rating and lifted their price target for the stock from GBX 1,235 ($16.14) to GBX 1,469 ($19.20) in a report on Wednesday, February 20th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Micro Focus International from GBX 1,380 ($18.03) to GBX 1,440 ($18.82) and gave the stock an “underweight” rating in a report on Friday, February 15th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Micro Focus International presently has an average rating of “Hold” and a consensus price target of GBX 1,723.63 ($22.52).
MCRO stock traded up GBX 51.50 ($0.67) during mid-day trading on Tuesday, reaching GBX 1,983 ($25.91). 1,514,886 shares of the company traded hands, compared to its average volume of 1,560,000. The company has a market capitalization of $8.09 billion and a P/E ratio of 15.16. The company has a debt-to-equity ratio of 60.22, a quick ratio of 0.76 and a current ratio of 1.25. Micro Focus International has a fifty-two week low of GBX 1,131.50 ($14.79) and a fifty-two week high of GBX 2,084 ($27.23).
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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