Sophos Group PLC (SOPH) Stock Rating Reaffirmed by Peel Hunt
Sophos Group PLC (LON:SOPH)‘s stock had its “buy” rating reissued by equities researchers at Peel Hunt in a research note issued to investors on Thursday. They presently have a GBX 360 ($4.70) price objective on the stock. Peel Hunt’s price target would indicate a potential upside of 35.49% from the company’s previous close.
Other research analysts also recently issued reports about the stock. Liberum Capital reiterated a “buy” rating and issued a GBX 300 ($3.92) price target on shares of Sophos Group PLC in a research report on Tuesday, June 7th. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 272 ($3.55) price target on shares of Sophos Group PLC in a research report on Thursday, June 2nd. Citigroup Inc. decreased their price objective on shares of Sophos Group PLC from GBX 300 ($3.92) to GBX 290 ($3.79) and set a “buy” rating on the stock in a research report on Thursday, June 2nd. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 320 ($4.18) price objective on shares of Sophos Group PLC in a research report on Friday, July 29th. Finally, Morgan Stanley restated an “overweight” rating and set a GBX 350 ($4.57) price objective on shares of Sophos Group PLC in a research report on Friday, July 1st. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of GBX 305.14 ($3.98).
Shares of Sophos Group PLC (LON:SOPH) opened at 265.70 on Thursday. The firm’s 50-day moving average is GBX 252.68 and its 200-day moving average is GBX 222.45. Sophos Group PLC has a one year low of GBX 146.00 and a one year high of GBX 292.80. The company’s market cap is GBX 1.20 billion.
In related news, insider Hagerman,Kris sold 100,634 shares of the firm’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of GBX 224 ($2.92), for a total transaction of £225,420.16 ($294,243.78). Also, insider Bray,Nick sold 49,032 shares of the firm’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of GBX 228 ($2.98), for a total transaction of £111,792.96 ($145,924.76).
About Sophos Group PLC
Sophos Group plc is a provider of cloud-enabled end-user and network security solutions. The Company, through its products, is engaged in offering end-to-end protection against information technology (IT) security threats to organizations. The Company offers various products including endpoint protection, mobile control and server security.
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