Micro Focus International plc (LON:MCRO) Receives GBX 1,849.80 Average Price Target from Analysts
Micro Focus International plc (LON:MCRO) has earned a consensus recommendation of “Hold” from the eight analysts that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is GBX 1,849.80 ($24.17).
A number of analysts have recently issued reports on MCRO shares. Numis Securities reissued a “buy” rating and set a GBX 2,350 ($30.71) target price on shares of Micro Focus International in a research note on Thursday, May 16th. Barclays reaffirmed an “equal weight” rating on shares of Micro Focus International in a research note on Monday, July 22nd. Goldman Sachs Group decreased their price objective on shares of Micro Focus International from GBX 2,290 ($29.92) to GBX 2,200 ($28.75) and set a “neutral” rating for the company in a report on Tuesday, May 28th. UBS Group decreased their price objective on shares of Micro Focus International from GBX 2,050 ($26.79) to GBX 1,530 ($19.99) and set a “buy” rating for the company in a report on Tuesday, September 3rd. Finally, Citigroup reissued a “sell” rating and issued a GBX 1,700 ($22.21) price objective on shares of Micro Focus International in a research report on Wednesday, July 10th.
In other news, insider Kevin Loosemore sold 435,342 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of GBX 1,736 ($22.68), for a total transaction of £7,557,537.12 ($9,875,260.84).
The company also recently disclosed a dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 5th will be issued a dividend of GBX 46.66 ($0.61) per share. The ex-dividend date is Thursday, September 5th. This represents a yield of 2.35%. Micro Focus International’s payout ratio is currently 0.24%.
About Micro Focus International
Micro Focus International plc, an infrastructure software company, develops, sells, and supports software products and solutions to small and medium size enterprises. The company offers infrastructure software products that are managed on an investment portfolio. Its product portfolio includes application modernization and connectivity, application delivery management, and IT operations management, as well as security, information management, and Governance.
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