Sophos Group’s (LON:SOPH) “Outperform” Rating Reaffirmed at Credit Suisse Group

Sophos Group (LON:SOPH)‘s stock had its “outperform” rating reiterated by investment analysts at Credit Suisse Group in a report released on Wednesday, June 5th, Digital Look reports. They presently have a GBX 480 ($6.27) target price on the stock. Credit Suisse Group’s price target points to a potential upside of 23.30% from the company’s previous close.

SOPH has been the topic of a number of other research reports. Deutsche Bank decreased their price target on shares of Sophos Group from GBX 370 ($4.83) to GBX 300 ($3.92) and set a “hold” rating on the stock in a research note on Thursday, March 14th. Morgan Stanley reissued an “overweight” rating and set a GBX 460 ($6.01) price objective on shares of Sophos Group in a report on Friday, May 17th. UBS Group reissued a “buy” rating on shares of Sophos Group in a report on Friday, March 29th. Numis Securities cut Sophos Group to a “hold” rating in a report on Thursday, May 30th. Finally, Liberum Capital reaffirmed a “hold” rating and issued a GBX 375 ($4.90) price target (up from GBX 320 ($4.18)) on shares of Sophos Group in a report on Thursday, May 16th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Sophos Group presently has an average rating of “Hold” and a consensus price target of GBX 415 ($5.42).

Shares of Sophos Group stock traded up GBX 7.80 ($0.10) during midday trading on Wednesday, hitting GBX 389.30 ($5.09). The company had a trading volume of 981,474 shares, compared to its average volume of 2,150,000. Sophos Group has a 1-year low of GBX 273.40 ($3.57) and a 1-year high of GBX 645.50 ($8.43). The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 192.55. The company’s 50 day moving average price is GBX 387.81. The company has a market cap of $1.88 billion and a PE ratio of 72.09.

In other Sophos Group news, insider Nick Bray sold 23,105 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of GBX 385 ($5.03), for a total transaction of £88,954.25 ($116,234.48). Also, insider Kris Hagerman sold 19,414 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of GBX 402 ($5.25), for a total value of £78,044.28 ($101,978.68).

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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