Sophos Group (SOPH) Earns “Hold” Rating from Shore Capital

Shore Capital reissued their hold rating on shares of Sophos Group (LON:SOPH) in a research report sent to investors on Thursday morning, Digital Look reports.

Other equities analysts also recently issued research reports about the stock. UBS Group reaffirmed a buy rating and set a GBX 400 ($5.23) target price (down previously from GBX 440 ($5.75)) on shares of Sophos Group in a research note on Monday, January 21st. Numis Securities raised shares of Sophos Group to a buy rating and decreased their target price for the company from GBX 420 ($5.49) to GBX 385 ($5.03) in a research note on Friday, January 18th. Deutsche Bank reaffirmed a hold rating on shares of Sophos Group in a research note on Monday, April 1st. Liberum Capital downgraded shares of Sophos Group to a hold rating and decreased their target price for the company from GBX 400 ($5.23) to GBX 320 ($4.18) in a research note on Monday, January 21st. Finally, JPMorgan Chase & Co. downgraded shares of Sophos Group to a neutral rating and decreased their target price for the company from GBX 400 ($5.23) to GBX 340 ($4.44) in a research note on Monday, January 21st. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 396.71 ($5.18).

Shares of LON SOPH opened at GBX 385 ($5.03) on Thursday. Sophos Group has a fifty-two week low of GBX 273.40 ($3.57) and a fifty-two week high of GBX 645.50 ($8.43). The company has a market cap of $1.86 billion and a price-to-earnings ratio of -104.05. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 177.39.

The company also recently declared a dividend, which will be paid on Friday, October 11th. Stockholders of record on Thursday, September 19th will be issued a dividend of $0.04 per share. This is a boost from Sophos Group’s previous dividend of $0.02. The ex-dividend date of this dividend is Thursday, September 19th. This represents a dividend yield of 0.75%. Sophos Group’s dividend payout ratio is presently -1.08%.

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

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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