Sophos Group’s (SOPH) Hold Rating Reiterated at Liberum Capital

Liberum Capital reaffirmed their hold rating on shares of Sophos Group (LON:SOPH) in a research report sent to investors on Thursday morning, ThisIsMoney.Co.Uk reports. They currently have a GBX 375 ($4.90) target price on the stock, up from their prior target price of GBX 320 ($4.18).

A number of other brokerages also recently issued reports on SOPH. Shore Capital restated a hold rating on shares of Sophos Group in a research report on Thursday. UBS Group restated a buy rating on shares of Sophos Group in a research note on Friday, May 10th. 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 for the company in a research note on Thursday, March 14th. Credit Suisse Group decreased their price target on shares of 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. Finally, JPMorgan Chase & Co. restated a neutral rating and set a GBX 330 ($4.31) price target (down previously from GBX 340 ($4.44)) on shares of Sophos Group in a research note on Monday, March 25th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of GBX 396.71 ($5.18).

SOPH traded down GBX 2.10 ($0.03) during trading on Thursday, reaching GBX 385 ($5.03). 1,674,218 shares of the company’s stock were exchanged, compared to its average volume of 2,150,000. The firm has a market capitalization of $1.86 billion and a price-to-earnings ratio of -104.05. 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 also recently declared a dividend, which will be paid on Friday, October 11th. Shareholders of record on Thursday, September 19th will be paid a dividend of $0.04 per share. This represents a yield of 0.75%. The ex-dividend date of this dividend is Thursday, September 19th. This is a positive change from Sophos Group’s previous dividend of $0.02. Sophos Group’s payout ratio is -1.08%.

In other news, insider Kris Hagerman sold 10,264 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of GBX 329 ($4.30), for a total value of £33,768.56 ($44,124.60). Also, insider Nick Bray sold 1,910 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of GBX 329 ($4.30), for a total transaction of £6,283.90 ($8,211.03).

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.

Further Reading: Dollar Cost Averaging

Analyst Recommendations for Sophos Group (LON:SOPH)

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