Jefferies Financial Group upgraded shares of Micro Focus International (NYSE:MFGP) from a hold rating to a buy rating in a research note released on Tuesday morning, The Fly reports. Jefferies Financial Group also issued estimates for Micro Focus International’s FY2021 earnings at $1.32 EPS, FY2022 earnings at $1.14 EPS and FY2023 earnings at $1.17 EPS.
Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Micro Focus International from a strong sell rating to a hold rating in a report on Wednesday, January 5th. Investec raised shares of Micro Focus International from a sell rating to a hold rating in a report on Thursday, November 18th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Micro Focus International presently has a consensus rating of Hold and a consensus price target of $7.75.
NYSE:MFGP opened at $5.98 on Tuesday. The company has a 50-day moving average of $5.21 and a 200-day moving average of $5.43. Micro Focus International has a 52 week low of $4.32 and a 52 week high of $8.19.
Micro Focus International Company Profile
Micro Focus International Plc engages in the management of mature infrastructure software assets to organizations leverage value from their investments in IT infrastructure and business applications. It operates through the following segments: Micro Focus Product Portfolio and SUSE Product Portfolio.
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