Micro Focus International (MCRO) Price Target Lowered to GBX 2,500 at JPMorgan Chase & Co.
Micro Focus International (LON:MCRO) had its price target dropped by investment analysts at JPMorgan Chase & Co. from GBX 2,700 ($36.62) to GBX 2,500 ($33.90) in a note issued to investors on Wednesday. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 12.94% from the company’s current price.
Several other equities analysts also recently commented on MCRO. Deutsche Bank reiterated a “buy” rating and issued a GBX 2,800 ($37.97) target price on shares of Micro Focus International in a research report on Thursday, September 28th. Credit Suisse Group reiterated an “underperform” rating and issued a GBX 1,942 ($26.34) target price on shares of Micro Focus International in a research report on Monday, November 6th. Canaccord Genuity restated a “buy” rating and set a GBX 2,880 ($39.06) price objective on shares of Micro Focus International in a research report on Tuesday, November 28th. Citigroup restated a “neutral” rating on shares of Micro Focus International in a research report on Monday, December 4th. Finally, Goldman Sachs Group started coverage on Micro Focus International in a research report on Wednesday, December 13th. They set a “neutral” rating and a GBX 2,600 ($35.26) price objective for the company. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Micro Focus International presently has an average rating of “Hold” and an average target price of GBX 2,531.20 ($34.33).
Micro Focus International (MCRO) opened at GBX 2,213.50 ($30.02) on Wednesday. The company has a market capitalization of $9,630.00 and a PE ratio of 4,517.35. Micro Focus International has a 1 year low of GBX 26.78 ($0.36) and a 1 year high of GBX 2,970.50 ($40.28).
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Micro Focus International Company Profile
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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