Morgan Stanley Reiterates “Overweight” Rating for Sophos Group PLC (SOPH)
Sophos Group PLC (LON:SOPH)‘s stock had its “overweight” rating reissued by equities researchers at Morgan Stanley in a report released on Monday, June 26th.
SOPH has been the topic of a number of other research reports. Citigroup Inc. reiterated a “buy” rating and set a GBX 325 ($4.24) target price on shares of Sophos Group PLC in a research report on Thursday, March 16th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 290 ($3.79) price target on shares of Sophos Group PLC in a report on Wednesday, April 5th. Shore Capital assumed coverage on Sophos Group PLC in a research report on Wednesday, March 29th. They set a “sell” rating for the company. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 340 ($4.44) target price on shares of Sophos Group PLC in a research report on Thursday, March 30th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of GBX 381 ($4.98).
Sophos Group PLC (LON SOPH) traded down 1.30% during trading on Monday, hitting GBX 463.20. 1,742,069 shares of the stock traded hands. The stock has a 50 day moving average price of GBX 448.87 and a 200-day moving average price of GBX 342.36. Sophos Group PLC has a 52-week low of GBX 203.90 and a 52-week high of GBX 478.85. The stock’s market cap is GBX 2.13 billion.
In other news, insider Nick Bray sold 17,537 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of GBX 443 ($5.78), for a total transaction of £77,688.91 ($101,448.04). Also, insider Kris Hagerman sold 121,626 shares of the business’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of GBX 420 ($5.48), for a total value of £510,829.20 ($667,053.02). Over the last three months, insiders have sold 560,344 shares of company stock valued at $234,589,028.
Sophos Group PLC Company Profile
Sophos Group plc operates as an investment company for the Sophos Group. It is a provider of cloud-enabled end-user and network security solutions. Its geographic segments include Europe, Middle East and Africa (EMEA), the Americas, and Asia Pacific and Japan (APJ). Its products under enduser security include Sophos Mobile Control 6, which is developed to include Sophos Secure Email, a personal information management container solution for e-mail, calendar and contacts, and Sophos Server Protection Advanced, which integrates server application to deliver single-click server lockdown, using Sophos Central management.
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