Sophos Group PLC (SOPH) Receives GBX 414.17 Consensus Price Target from Analysts

Shares of Sophos Group PLC (LON:SOPH) have received an average recommendation of “Hold” from the nine analysts that are covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 419.29 ($5.48).

A number of analysts have commented on the company. Shore Capital restated a “hold” rating on shares of Sophos Group in a research report on Thursday, May 16th. Credit Suisse Group increased their price target on Sophos Group from GBX 407 ($5.32) to GBX 480 ($6.27) and gave the company an “outperform” rating in a research note on Monday, May 20th. UBS Group reissued a “buy” rating on shares of Sophos Group in a research note on Friday, March 29th. JPMorgan Chase & Co. increased their price target on Sophos Group from GBX 330 ($4.31) to GBX 385 ($5.03) and gave the company a “neutral” rating in a research note on Friday, May 17th. Finally, Numis Securities lowered Sophos Group to a “hold” rating in a research note on Thursday, May 30th.

SOPH stock traded down GBX 3.40 ($0.04) during trading on Thursday, reaching GBX 396.60 ($5.18). The stock had a trading volume of 736,756 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 192.55, a quick ratio of 0.65 and a current ratio of 0.67. The company has a market cap of $1.91 billion and a price-to-earnings ratio of 73.44.

The business also recently disclosed a dividend, which will be paid on Friday, October 11th. Stockholders of record on Thursday, September 19th will be paid a $0.04 dividend. This represents a dividend yield of 0.75%. This is a positive change from Sophos Group’s previous dividend of $0.02. The ex-dividend date of this dividend is Thursday, September 19th. Sophos Group’s dividend payout ratio (DPR) is presently 0.74%.

In other news, insider Kris Hagerman sold 19,414 shares of the firm’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). Also, insider Nick Bray sold 23,105 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of GBX 385 ($5.03), for a total value of £88,954.25 ($116,234.48). Insiders sold a total of 52,783 shares of company stock valued at $20,076,709 over the last ninety days.

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.

Further Reading: Stochastic Momentum Index (SMI)

Analyst Recommendations for Sophos Group (LON:SOPH)

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