Sophos Group (SOPH) PT Lowered to GBX 600

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Sophos Group (LON:SOPH) had its price target reduced by JPMorgan Chase & Co. from GBX 690 ($9.02) to GBX 600 ($7.84) in a research note issued on Thursday. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 29.87% from the stock’s previous close.

Several other equities research analysts have also recently commented on SOPH. UBS Group reiterated a “buy” rating on shares of Sophos Group in a research report on Wednesday. Credit Suisse Group boosted their price target on shares of Sophos Group from GBX 700 ($9.15) to GBX 750 ($9.80) and gave the stock an “outperform” rating in a research report on Monday, June 25th. Deutsche Bank reiterated a “hold” rating on shares of Sophos Group in a research report on Wednesday. Shore Capital reiterated a “buy” rating on shares of Sophos Group in a research report on Friday, July 6th. Finally, Numis Securities upgraded shares of Sophos Group to an “add” rating in a research report on Monday, July 30th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Sophos Group has a consensus rating of “Buy” and an average price target of GBX 618.50 ($8.08).

Shares of Sophos Group stock opened at GBX 462 ($6.04) on Thursday. Sophos Group has a 52 week low of GBX 258.70 ($3.38) and a 52 week high of GBX 675.62 ($8.83).

In other Sophos Group news, insider Nick Bray sold 183,950 shares of the business’s stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of GBX 501 ($6.55), for a total transaction of £921,589.50 ($1,204,219.91).

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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Analyst Recommendations for Sophos Group (LON:SOPH)

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