Micro Focus International (MCRO) Downgraded by Barclays

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Barclays cut shares of Micro Focus International (LON:MCRO) to an equal weight rating in a research report released on Friday morning, ThisIsMoney.Co.Uk reports. They currently have GBX 2,000 ($26.13) target price on the stock, up from their prior target price of GBX 1,800 ($23.52).

MCRO has been the subject of several other reports. UBS Group restated a buy rating and set a GBX 1,700 ($22.21) price objective (down from GBX 1,950 ($25.48)) on shares of Micro Focus International in a research report on Friday, January 11th. Goldman Sachs Group downgraded Micro Focus International to a neutral rating in a report on Monday, January 28th. Numis Securities reiterated a buy rating and issued a GBX 2,075 ($27.11) price target on shares of Micro Focus International in a report on Monday, February 18th. Credit Suisse Group downgraded Micro Focus International to an underperform rating and boosted their price target for the company from GBX 1,235 ($16.14) to GBX 1,469 ($19.20) in a report on Wednesday, February 20th. Finally, JPMorgan Chase & Co. reiterated an underweight rating on shares of Micro Focus International in a report on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 1,723.63 ($22.52).

Shares of Micro Focus International stock opened at GBX 1,947 ($25.44) on Friday. The company has a debt-to-equity ratio of 60.22, a current ratio of 1.25 and a quick ratio of 0.76. Micro Focus International has a 1 year low of GBX 1,131.50 ($14.79) and a 1 year high of GBX 2,084 ($27.23). The company has a market cap of $7.99 billion and a P/E ratio of 14.89.

The firm also recently declared a dividend, which was paid on Friday, April 5th. Shareholders of record on Thursday, February 28th were issued a GBX 45.22 ($0.59) dividend. The ex-dividend date was Thursday, February 28th. This is an increase from Micro Focus International’s previous dividend of $43.86. This represents a yield of 2.98%. Micro Focus International’s payout ratio is 0.68%.

In other news, insider Kevin Loosemore sold 264,084 shares of the business’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of GBX 1,946 ($25.43), for a total transaction of £5,139,074.64 ($6,715,111.25). Also, insider Richard Atkins sold 1,300 shares of the business’s stock in a transaction on Monday, February 18th. The shares were sold at an average price of GBX 1,755 ($22.93), for a total transaction of £22,815 ($29,811.84). Insiders sold a total of 711,430 shares of company stock valued at $1,411,403,286 over the last quarter.

Micro Focus International Company Profile

Micro Focus International plc, an infrastructure software company, develops, sells, and supports software products and solutions to federal, airlines, and healthcare industries in the United Kingdom, the United States, Germany, France, Japan, and internationally. The company operates through Micro Focus and SUSE segments.

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Analyst Recommendations for Micro Focus International (LON:MCRO)

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