Sophos Group’s (LON:SOPH) Buy Rating Reiterated at UBS Group

Sophos Group (LON:SOPH)‘s stock had its “buy” rating reissued by stock analysts at UBS Group in a research note issued on Friday, March 29th, ThisIsMoney.Co.Uk reports.

A number of other research firms have also commented on SOPH. Deutsche Bank cut their price target on Sophos Group from GBX 370 ($4.83) to GBX 300 ($3.92) and set a “hold” rating for the company in a report on Thursday, March 14th. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 330 ($4.31) price objective (down previously from GBX 340 ($4.44)) on shares of Sophos Group in a research note on Monday, March 25th. Credit Suisse Group dropped their price objective on Sophos Group from GBX 575 ($7.51) to GBX 407 ($5.32) and set an “outperform” rating for the company in a research note on Tuesday, January 22nd. Shore Capital reissued a “buy” rating on shares of Sophos Group in a research note on Friday, January 18th. Finally, Liberum Capital lowered Sophos Group to a “hold” rating and dropped their price objective for the company from GBX 400 ($5.23) to GBX 320 ($4.18) in a research note on Monday, January 21st. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Sophos Group has an average rating of “Buy” and a consensus price target of GBX 414.63 ($5.42).

Shares of Sophos Group stock traded down GBX 4.10 ($0.05) during trading hours on Friday, reaching GBX 359.40 ($4.70). The company had a trading volume of 3,165,685 shares, compared to its average volume of 2,150,000. Sophos Group has a one year low of GBX 273.40 ($3.57) and a one year 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. The firm has a market capitalization of $1.73 billion and a P/E ratio of -97.14.

In other news, insider Nick Bray sold 23,104 shares of Sophos Group stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of GBX 336 ($4.39), for a total value of £77,629.44 ($101,436.61). Also, insider Kris Hagerman sold 10,264 shares of Sophos Group stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of GBX 329 ($4.30), for a total value of £33,768.56 ($44,124.60). Insiders have sold 39,663 shares of company stock worth $13,171,390 in the last 90 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.

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Analyst Recommendations for Sophos Group (LON:SOPH)

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