JPMorgan Chase & Co. Cuts Micro Focus International (LON:MCRO) Price Target to GBX 400

Micro Focus International (LON:MCRO) had its target price cut by JPMorgan Chase & Co. from GBX 450 ($5.54) to GBX 400 ($4.92) in a research report released on Thursday morning, Stock Target Advisor reports. They currently have a neutral rating on the stock.

Several other equities research analysts also recently commented on MCRO. Jefferies Financial Group decreased their price objective on Micro Focus International from GBX 460 ($5.66) to GBX 410 ($5.05) and set a hold rating for the company in a report on Wednesday. Investec downgraded Micro Focus International to a sell rating in a report on Tuesday, April 7th. UBS Group restated a neutral rating on shares of Micro Focus International in a report on Wednesday. Finally, Credit Suisse Group decreased their price objective on Micro Focus International from GBX 630 ($7.75) to GBX 380 ($4.68) and set an underperform rating for the company in a report on Wednesday, May 20th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Micro Focus International has an average rating of Hold and a consensus target price of GBX 571.43 ($7.03).

Shares of LON:MCRO opened at GBX 324.10 ($3.99) on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 75.37. The stock has a market capitalization of $1.12 billion and a P/E ratio of 0.83. The business has a 50-day moving average price of GBX 445.68 and a two-hundred day moving average price of GBX 633.77. Micro Focus International has a 1-year low of GBX 291 ($3.58) and a 1-year high of GBX 2,101 ($25.86).

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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Analyst Recommendations for Micro Focus International (LON:MCRO)

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