Sophos Group PLC (SOPH) Receives GBX 703.25 Consensus Target Price from Analysts
Sophos Group PLC (LON:SOPH) has been given a consensus rating of “Buy” by the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 703.25 ($9.07).
Several brokerages have weighed in on SOPH. Numis Securities upgraded Sophos Group to an “add” rating in a research note on Monday, July 30th. Deutsche Bank restated a “buy” rating on shares of Sophos Group in a research note on Friday, May 18th. Deutsche Bank restated a “buy” rating on shares of Sophos Group in a research note on Friday, May 18th. Shore Capital restated a “buy” rating on shares of Sophos Group in a research note on Thursday, May 17th. Finally, Jefferies Financial Group dropped their price objective on Sophos Group from GBX 865 ($11.16) to GBX 750 ($9.67) and set a “buy” rating on the stock in a research note on Tuesday, May 8th.
In other news, insider Nick Bray sold 183,950 shares of Sophos Group stock in a transaction on Thursday, August 9th. The stock was sold at an average price of GBX 501 ($6.46), for a total transaction of £921,589.50 ($1,188,840.94).
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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