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Home / Stocks and Markets at Lows / Micro Focus International (MCRO.L) 22-10-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Micro Focus International (MCRO.L) 22-10-19

Micro Focus International (MCRO.L) has dropped from highs of 2160p. Will it continue, or could you pick up a bargain?

 

  • Now trading at 1011p (at time of writing). A return to period highs would mean a rise of 113%.
  • These shares are amongst the most significant fallers in the period.
  • Markets constantly over-react to adverse news. Traders should consider whether the fall is reasonable, or is this another over-reaction?
  • Bargain hunters should be mindful of the underlying fundamentals.
  • Shares -53% from 12-month highs; +0% from 12 month lows.

Latest News

21 Oct:  Micro Focus International, the software company, was the subject of an announcement by Open Text stating that it is not considering an acquisition of the company.

10 Oct:  Barclays Capital reiterates its equal weight rating on Micro Focus International (MCRO) and reduced the target price to 1130p (from 2000p).

03 Sep:  UBS reiterates its buy rating on Micro Focus International (MCRO) and reduced the target price to 1530p (from 2050p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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