Micro Focus International’s (MCRO) Sell Rating Reaffirmed at Citigroup

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Citigroup reissued their sell rating on shares of Micro Focus International (LON:MCRO) in a research note released on Wednesday morning, Digital Look reports. The brokerage currently has a GBX 1,700 ($22.21) target price on the stock.

Several other brokerages have also recently commented on MCRO. UBS Group reaffirmed a hold rating and set a $145.00 target price on shares of Baidu in a report on Friday, July 5th. Numis Securities reaffirmed a buy rating on shares of 3i Group in a report on Thursday, May 16th. JPMorgan Chase & Co. set a $60.00 target price on shares of Bayerische Motoren Werke and gave the stock a sell rating in a report on Monday, April 8th. Barclays raised their target price on shares of from GBX 7,500 ($98.00) to GBX 8,100 ($105.84) and gave the stock an overweight rating in a report on Monday. Finally, Goldman Sachs Group set a $27.00 target price on shares of Melco Resorts & Entertainment and gave the stock a buy rating in a report on Tuesday, May 28th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of GBX 1,887 ($24.66).

Micro Focus International stock traded down GBX 11.20 ($0.15) during trading hours on Wednesday, hitting GBX 1,741.80 ($22.76). The company had a trading volume of 1,701,154 shares, compared to its average volume of 1,560,000. The stock has a market capitalization of $6.02 billion and a price-to-earnings ratio of 13.32. The company has a current ratio of 1.25, a quick ratio of 0.76 and a debt-to-equity ratio of 60.22. Micro Focus International has a one year low of GBX 1,131.50 ($14.79) and a one year high of GBX 2,174.50 ($28.41). The business’s 50-day moving average is GBX 1,992.52.

The company also recently declared a dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 5th will be given a dividend of GBX 46.66 ($0.61) per share. The ex-dividend date is Thursday, September 5th. This represents a dividend yield of 2.35%. Micro Focus International’s dividend payout ratio is 0.82%.

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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