Micro Focus International (LON:MCRO)‘s stock had its “sell” rating reaffirmed by equities researchers at Goldman Sachs Group Inc. in a research report issued on Tuesday, Analyst Ratings Network.com reports. They currently have a GBX 840 ($13.84) target price on the stock. Goldman Sachs Group Inc.’s price target would suggest a potential upside of 7.97% from the stock’s previous close.
Shares of Micro Focus International (LON:MCRO) opened at 769.50 on Tuesday. Micro Focus International has a one year low of GBX 645.666 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 £1.149 billion.
The company also recently announced a dividend, which is scheduled for Friday, January 24th. Investors of record on Tuesday, December 31st will be paid a dividend of GBX 8.56 ($0.14) per share. This represents a dividend yield of 1.05%. The ex-dividend date is Tuesday, December 31st.
MCRO has been the subject of a number of other recent research reports. 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 ($13.18) price target on the stock. Separately, 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 ($13.81) price target on the stock, down previously from GBX 868 ($14.30). Finally, analysts at Citigroup Inc. raised their price target on shares of Micro Focus International from GBX 730 ($12.03) to GBX 850 ($14.01) in a research note to investors on Tuesday, December 10th. They now have a “neutral” rating on the stock. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 781.95 ($12.89).
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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