Micro Focus International (LON:MCRO)‘s stock had its “neutral” rating reiterated by equities researchers at JPMorgan Chase & Co. in a research report issued on Monday, Analyst Ratings.Net reports. They currently have a GBX 815 ($13.38) price objective on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 9.84% from the stock’s previous close.
Micro Focus International (LON:MCRO) opened at 748.50 on Monday. Micro Focus International has a one year low of GBX 652.359 and a one year high of GBX 890.50. The stock’s 50-day moving average is GBX 693. and its 200-day moving average is GBX 663.6. The company’s market cap is £1.117 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs Group Inc. reiterated a “sell” rating on shares of Micro Focus International in a research note to investors on Tuesday, January 14th. They now have a GBX 840 ($13.79) price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Micro Focus International in a research note to investors on Tuesday, January 7th. They now have a GBX 800 ($13.13) price target on the stock. Finally, analysts at Credit Suisse downgraded shares of Micro Focus International to a “neutral” rating in a research note to investors on Monday, January 6th. They now have a GBX 838 ($13.76) price target on the stock, down previously from GBX 868 ($14.25). Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Micro Focus International currently has an average rating of “Hold” and an average target price of GBX 784.31 ($12.87).
Micro Focus International plc is engaged in making and selling of software products. The Company, along with its subsidiaries, provides software to clients worldwide.
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