Shares of Micro Focus International plc (LON:MCRO) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 2,683 ($35.41) and last traded at GBX 2,664 ($35.15), with a volume of 1,629,257 shares. The stock had previously closed at GBX 2,645 ($34.90).

MCRO has been the topic of several recent research reports. Deutsche Bank AG restated a “buy” rating and set a GBX 2,800 ($36.95) price target on shares of Micro Focus International plc in a report on Friday, September 8th. Numis Securities Ltd restated a “buy” rating and set a GBX 2,800 ($36.95) price target on shares of Micro Focus International plc in a report on Friday, September 8th. Canaccord Genuity restated a “buy” rating and set a GBX 2,880 ($38.00) price target on shares of Micro Focus International plc in a report on Wednesday, July 12th. Investec restated a “hold” rating and set a GBX 2,150 ($28.37) price target on shares of Micro Focus International plc in a report on Thursday, July 13th. Finally, Citigroup Inc. restated a “neutral” rating and set a GBX 2,430 ($32.07) price target on shares of Micro Focus International plc in a report on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 2,516.10 ($33.20).

The firm’s market cap is GBX 5.67 billion. The firm has a 50 day moving average price of GBX 2,457.62 and a 200-day moving average price of GBX 2,502.66.

In other news, insider Kevin Loosemore acquired 30,000 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The shares were purchased at an average price of GBX 2,426 ($32.01) per share, for a total transaction of £727,800 ($960,411.72).

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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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