Citigroup Reiterates Neutral Rating for Micro Focus International (MCRO)

Micro Focus International (LON:MCRO)‘s stock had its “neutral” rating restated by investment analysts at Citigroup in a report released on Monday.

A number of other research firms also recently weighed in on MCRO. Credit Suisse Group reissued an “underperform” rating and set a GBX 1,921 ($25.85) target price on shares of Micro Focus International in a research report on Friday, September 8th. Numis Securities reissued a “buy” rating and set a GBX 2,800 ($37.69) target price on shares of Micro Focus International in a research report on Friday, September 8th. Deutsche Bank reissued a “buy” rating and set a GBX 2,800 ($37.69) target price on shares of Micro Focus International in a research report on Thursday, September 28th. J P Morgan Chase & Co reissued a “neutral” rating and set a GBX 2,700 ($36.34) target price on shares of Micro Focus International in a research report on Monday, October 16th. Finally, Canaccord Genuity reissued a “buy” rating and set a GBX 2,880 ($38.76) target price on shares of Micro Focus International in a research report on Tuesday, November 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of GBX 2,518.20 ($33.89).

Shares of Micro Focus International (LON MCRO) opened at GBX 2,473 ($33.28) on Monday. Micro Focus International has a 52-week low of GBX 26.78 ($0.36) and a 52-week high of GBX 2,749 ($37.00).

In related news, insider Kevin Loosemore acquired 30,000 shares of Micro Focus International stock in a transaction dated Friday, September 22nd. The stock was bought at an average price of GBX 2,426 ($32.65) per share, with a total value of £727,800 ($979,542.40).

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About Micro Focus International

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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