Reaffirmed: Micro Focus International (LON:MCRO) Neutral Rating Kept by Citigroup; GBX 2215.00 Target in Place

July 18, 2017 - By Michael Collier

Micro Focus International (LON:MCRO) Rating Reaffirmed

They currently have a GBX 2215.00 target on Micro Focus International (LON:MCRO). The target price by Citigroup would suggest a potential upside of 1.65 % from the company’s previous stock close. This has been revealed to investors in analysts report on 18 July.

Micro Focus International plc (LON:MCRO) Ratings Coverage

Among 16 analysts covering Micro Focus International (LON:MCRO), 8 have Buy rating, 3 Sell and 5 Hold. Therefore 50% are positive. Micro Focus International has GBX 2900 highest and GBX 1230 lowest target. GBX 2160.88’s average target is -0.37% below currents GBX 2169 stock price. Micro Focus International had 104 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Micro Focus International plc (LON:MCRO) has “Buy” rating given on Tuesday, April 25 by Citigroup. The firm has “Buy” rating given on Tuesday, February 16 by Panmure Gordon. The firm has “Buy” rating given on Wednesday, October 28 by Canaccord Genuity. The rating was maintained by Numis Securities with “Buy” on Thursday, October 1. The firm has “Buy” rating by Canaccord Genuity given on Thursday, December 3. The company was maintained on Tuesday, October 27 by UBS. The rating was maintained by Deutsche Bank on Thursday, June 29 with “Buy”. The stock of Micro Focus International plc (LON:MCRO) has “Overweight” rating given on Tuesday, January 10 by Barclays Capital. The stock has “Overweight” rating by Barclays Capital on Thursday, July 13. The company was maintained on Wednesday, March 23 by Credit Suisse.

About 386,623 shares traded. Micro Focus International plc (LON:MCRO) has 0.00% since July 18, 2016 and is . It has underperformed by 16.70% the S&P500.

Micro Focus International plc is a United Kingdom global software company. The company has market cap of 5.00 billion GBP. The Firm is engaged in delivering and supporting software solutions. It has a 42.58 P/E ratio. The Firm enables clients to utilize new technology solutions while maximizing the value of their investments in information technology infrastructure and business applications.

More notable recent Micro Focus International plc (LON:MCRO) news were published by: Ft.com which released: “Micro Focus warns on revenues at HPE software unit ahead of deal” on May 09, 2017, also Bloomberg.com with their article: “HPE to Merge Software With Micro Focus in $8.8 Billion Deal” published on September 07, 2016, Forbes.com published: “HPE Spins Its Non-Core Software Assets For $8.8 Billion Into Merger With Micro …” on September 09, 2016. More interesting news about Micro Focus International plc (LON:MCRO) were released by: Marketwatch.com and their article: “Micro Focus adjusted profit rises” published on July 12, 2017 as well as Marketwatch.com‘s news article titled: “Micro Focus names HPE’s Chris Hsu CEO of group” with publication date: January 17, 2017.

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