Micro Focus International plc (LON:MCRO) had its price objective reduced by Deutsche Bank AG from GBX 2,900 ($37.78) to GBX 2,800 ($36.48) in a research report sent to investors on Thursday, June 29th, Marketbeat.com reports. They currently have a buy rating on the stock.
Several other equities research analysts have also recently issued reports on the stock. Credit Suisse Group reaffirmed an underperform rating and set a GBX 1,922 ($25.04) price objective on shares of Micro Focus International plc in a research report on Thursday, June 29th. Numis Securities Ltd reaffirmed an add rating and set a GBX 2,740 ($35.70) price objective on shares of Micro Focus International plc in a research report on Wednesday, June 14th. Citigroup Inc. lowered shares of Micro Focus International plc to a neutral rating and set a GBX 2,560 ($33.35) price target on the stock. in a research note on Wednesday, June 14th. Barclays PLC reiterated an overweight rating and set a GBX 2,600 ($33.87) price target on shares of Micro Focus International plc in a research note on Friday, June 2nd. Finally, Canaccord Genuity lifted their price target on shares of Micro Focus International plc from GBX 2,700 ($35.17) to GBX 2,880 ($37.52) and gave the stock a buy rating in a research note on Thursday, May 11th. Two analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of GBX 2,400.18 ($31.27).
Shares of Micro Focus International plc (MCRO) traded down 1.36% on Thursday, hitting GBX 2253.00. The stock had a trading volume of 633,900 shares. Micro Focus International plc has a 12 month low of GBX 1,840.01 and a 12 month high of GBX 2,675.00. The stock’s market cap is GBX 5.17 billion. The stock has a 50 day moving average of GBX 2,286.36 and a 200-day moving average of GBX 2,306.17.
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The business also recently disclosed a dividend, which will be paid on Friday, August 25th. Investors of record on Thursday, August 3rd will be issued a dividend of GBX 45.22 ($0.59) per share. The ex-dividend date is Thursday, August 3rd. This represents a yield of 2.24%. This is an increase from Micro Focus International plc’s previous dividend of $23.60.
In related news, insider Kevin Loosemore acquired 49,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The shares were purchased at an average price of GBX 2,171 ($28.28) per share, with a total value of £1,063,790 ($1,385,865.03).
About Micro Focus International plc
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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