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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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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


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