Micro Focus International (LON:MCRO) Receives “Sell” Rating from Citigroup

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Citigroup reiterated their sell rating on shares of Micro Focus International (LON:MCRO) in a report published on Wednesday morning, Digital Look reports. Citigroup currently has a GBX 1,700 ($22.21) price objective on the stock.

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

Shares of LON MCRO opened at GBX 1,763.80 ($23.05) on Wednesday. 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 company has a debt-to-equity ratio of 60.22, a current ratio of 1.25 and a quick ratio of 0.76. The company’s 50 day simple moving average is GBX 1,988.70. The company has a market capitalization of $6.06 billion and a PE ratio of 13.48.

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