Micro Focus International plc (LON:MCRO) had its target price boosted by investment analysts at Barclays PLC from GBX 2,150 ($26.67) to GBX 2,600 ($32.25) in a research report issued on Tuesday. The brokerage currently has an “overweight” rating on the stock. Barclays PLC’s price target points to a potential upside of 24.40% from the stock’s previous close.
A number of other analysts also recently issued reports on the company. Peel Hunt reissued a “buy” rating and set a GBX 1,795 ($22.27) price objective on shares of Micro Focus International plc in a research report on Thursday, September 8th. Canaccord Genuity raised Micro Focus International plc to a “buy” rating in a research report on Friday, September 9th. Finally, Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 2,150 ($26.67) target price on shares of Micro Focus International plc in a research report on Thursday, August 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Micro Focus International plc has an average rating of “Buy” and an average price target of GBX 1,868.09 ($23.17).
Micro Focus International plc (LON:MCRO) opened at 2081.00 on Tuesday. The stock’s 50 day moving average is GBX 2,109.17 and its 200 day moving average is GBX 1,912.80. Micro Focus International plc has a 12-month low of GBX 1,264.68 and a 12-month high of GBX 2,400.00. The firm’s market cap is GBX 4.76 billion.