Sophos Group PLC (SOPH) Receives Average Recommendation of “Buy” from Analysts

Sophos Group PLC (LON:SOPH) has been given an average rating of “Buy” by the twelve research firms that are currently covering the firm, reports. Three equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is GBX 527.14 ($6.89).

SOPH has been the topic of several recent research reports. Deutsche Bank restated a “buy” rating on shares of Sophos Group in a report on Wednesday, September 12th. Credit Suisse Group reduced their target price on shares of Sophos Group from GBX 750 ($9.80) to GBX 713 ($9.32) and set an “outperform” rating on the stock in a report on Thursday, August 23rd. UBS Group reaffirmed a “buy” rating on shares of Sophos Group in a research note on Friday, September 14th. Panmure Gordon began coverage on shares of Sophos Group in a research note on Friday, October 12th. They set a “hold” rating and a GBX 425 ($5.55) price target on the stock. Finally, JPMorgan Chase & Co. dropped their price target on shares of Sophos Group from GBX 690 ($9.02) to GBX 600 ($7.84) and set an “overweight” rating on the stock in a research note on Thursday, October 11th.

LON:SOPH opened at GBX 338.60 ($4.42) on Friday. Sophos Group has a twelve month low of GBX 258.70 ($3.38) and a twelve month high of GBX 675.62 ($8.83).

The company also recently declared a dividend, which will be paid on Friday, December 14th. Investors of record on Thursday, November 15th will be paid a dividend of $0.02 per share. This represents a yield of 0.35%. The ex-dividend date of this dividend is Thursday, November 15th.

In related news, insider Nick Bray sold 1,910 shares of Sophos Group stock in a transaction on Monday, September 3rd. The shares were sold at an average price of GBX 526 ($6.87), for a total transaction of £10,046.60 ($13,127.66).

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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