Sophos Group (SOPH) Price Target Lowered to GBX 300 at Deutsche Bank

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Sophos Group (LON:SOPH) had its price target cut by Deutsche Bank from GBX 370 ($4.83) to GBX 300 ($3.92) in a research note issued to investors on Thursday. They currently have a hold rating on the stock.

SOPH has been the subject of several other research reports. JPMorgan Chase & Co. lowered their price objective on Sophos Group from GBX 420 ($5.49) to GBX 400 ($5.23) and set a neutral rating for the company in a research note on Thursday, January 10th. Shore Capital reiterated a buy rating on shares of Sophos Group in a report on Friday, January 18th. Credit Suisse Group restated an outperform rating on shares of Sophos Group in a research note on Wednesday, December 12th. Numis Securities upgraded Sophos Group to a buy rating and dropped their price objective for the company from GBX 420 ($5.49) to GBX 385 ($5.03) in a research note on Friday, January 18th. Finally, UBS Group reaffirmed a buy rating and set a GBX 400 ($5.23) target price (down from GBX 440 ($5.75)) on shares of Sophos Group in a research report on Monday, January 21st. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of GBX 448 ($5.85).

Shares of Sophos Group stock traded up GBX 13.50 ($0.18) during trading on Thursday, reaching GBX 328.50 ($4.29). The company’s stock had a trading volume of 1,166,426 shares, compared to its average volume of 2,150,000. Sophos Group has a 52 week low of GBX 273.40 ($3.57) and a 52 week high of GBX 645.50 ($8.43). The company has a debt-to-equity ratio of 177.39, a current ratio of 0.64 and a quick ratio of 0.61.

In other news, insider Kris Hagerman sold 10,264 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of GBX 329 ($4.30), for a total transaction of £33,768.56 ($44,124.60). Also, insider Nick Bray sold 23,104 shares of the business’s stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of GBX 336 ($4.39), for a total value of £77,629.44 ($101,436.61). Insiders have sold 39,663 shares of company stock worth $13,171,390 over the last three months.

About Sophos Group

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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