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Home / Stocks and Markets at Lows / Micro Focus International (MCRO.L) 12-12-19

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) 12-12-19

Shares in Micro Focus International (MCRO.L) have fallen dramatically from recent highs of 2160p. Will it continue, or is this an opportunity to pick up a bargain?

 

  • Now trading at 1007.8p (at time of writing). A return to previous highs would represent a rise of 114%.
  • The market often over-reacts to bad news. Traders should consider whether it is down for good reason, or is this another over-reaction?
  • Shares -53% from 12-month highs; +0% from 12 month lows.

Latest News

 

20 Nov:  Micro Focus International, the business software group, announced that it anticipated annual revenue and earnings to be in line with the guidance provided by the company in August.

05 Nov:  Goldman Sachs has upgraded its rating on Micro Focus International (MCRO) to neutral (from sell) and reduced the target price to 1000p (from 1400p).

 

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

 

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