Sophos Group PLC (LON:SOPH) has been given a consensus rating of “Buy” by the twelve research firms that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 455.78 ($5.96).
A number of brokerages recently weighed in on SOPH. UBS Group reissued a “buy” rating and issued a GBX 440 ($5.75) price target (down from GBX 645 ($8.43)) on shares of Sophos Group in a research report on Friday, November 9th. JPMorgan Chase & Co. cut shares of Sophos Group to a “neutral” rating and reduced their price target for the company from GBX 400 ($5.23) to GBX 340 ($4.44) in a research report on Monday, January 21st. Liberum Capital cut shares of Sophos Group to a “hold” rating and reduced their price target for the company from GBX 400 ($5.23) to GBX 320 ($4.18) in a research report on Monday, January 21st. Credit Suisse Group reduced their price target on shares of Sophos Group from GBX 575 ($7.51) to GBX 407 ($5.32) and set an “outperform” rating for the company in a research report on Tuesday, January 22nd. Finally, Deutsche Bank reduced their price target on shares of Sophos Group from GBX 530 ($6.93) to GBX 370 ($4.83) and set a “hold” rating for the company in a research report on Thursday, November 8th.
In related news, insider Kris Hagerman bought 1,498 shares of the stock in a transaction on Thursday, January 3rd. The shares were bought at an average cost of GBX 311 ($4.06) per share, for a total transaction of £4,658.78 ($6,087.52). Also, insider Nick Bray sold 1,910 shares of the company’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of GBX 367 ($4.80), for a total transaction of £7,009.70 ($9,159.41). Over the last quarter, insiders have sold 29,399 shares of company stock worth $9,867,114.
Sophos Group Company Profile
Sophos Group plc, through its subsidiaries, provides cloud-enabled end-user and network security solutions. The company offers XG Firewall, a next-generation firewall protection for network, users, and applications from new control center; SG UTM, a user interface to protect network and users; Secure Wi-Fi, a wireless access point; Secure Web Gateway for Web security; Secure Email Gateway solutions; and Phish Threat, an email phishing test simulation and training product.
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