Upbeat broker recommendations for Micro Focus International
The Micro Focus International (LON:MCRO) share price has risen by 33.5% over the past month and it’s currently trading at 442. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.
According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Micro Focus International currently has:
- 2 Buy recommendations
- 7 Hold recommendations
- 0 Sell recommendations
This suggests that analysts are generally positive about the outlook.
Looking behind the broker forecasts
At its current price of 442, shares in Micro Focus International are trading at a discount of -61.6% to its 52 week high price. The 1-year performance of the shares has been -60.0%.
While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Micro Focus International it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Micro Focus International that you can find out about here.
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