Goldman Sachs Group Inc. downgraded shares of Micro Focus International (LON:MCRO) to a sell rating in a report issued on Thursday, American Banking & Market News reports. They currently have GBX 775 ($12.31) target price on the stock, up from their previous target price of GBX 770 ($12.23).
Goldman Sachs Group Inc. has also updated their ratings on a number of other stocks in the last week. The firm downgraded shares of Harmony Gold Mining from a neutral rating to a sell rating. Also, Goldman Sachs Group Inc. reiterated its neutral rating on shares of Lululemon. Finally, Goldman Sachs Group Inc. reiterated its neutral rating on shares of ENSCO PLC.
Shares of Micro Focus International (LON:MCRO) opened at 772.00 on Thursday. The stock’s 50-day moving average is GBX 0. and its 200-day moving average is GBX 0.. The company’s market cap is £1.153 billion.
MCRO has been the subject of a number of other recent research reports. Analysts at Panmure Gordon raised their price target on shares of Micro Focus International (LON:MCRO) from GBX 782 ($12.42) to GBX 825 ($13.10) in a research note to investors on Wednesday, August 7th. They now have a buy rating on the stock. Separately, analysts at Sanlam Securities reiterated a sell rating on shares of Micro Focus International (LON:MCRO) in a research note to investors on Thursday, August 1st. Finally, analysts at Barclays Capital downgraded shares of Micro Focus International (LON:MCRO) from an overweight rating to an equal weight rating in a research note to investors on Wednesday, July 10th. They now have a GBX 800 ($12.70) price target on the stock.
Four analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of GBX 657.66 ($10.44).
Micro Focus International plc is engaged in making and selling of software products. The Company, along with its subsidiaries, provides software to clients worldwide.