Credit Suisse Group Lowers Sophos Group (SOPH) Price Target to GBX 713
Sophos Group (LON:SOPH) had its price target dropped by research analysts at Credit Suisse Group from GBX 750 ($9.59) to GBX 713 ($9.11) in a report issued on Thursday. The brokerage presently has an “outperform” rating on the stock. Credit Suisse Group’s price target indicates a potential upside of 33.40% from the stock’s current price.
SOPH has been the subject of several other reports. Deutsche Bank reaffirmed a “buy” rating on shares of Sophos Group in a report on Friday, May 18th. Jefferies Financial Group reduced their target price on Sophos Group from GBX 865 ($11.06) to GBX 750 ($9.59) and set a “buy” rating for the company in a report on Tuesday, May 8th. Numis Securities upped their target price on Sophos Group from GBX 570 ($7.29) to GBX 580 ($7.41) and gave the company a “hold” rating in a report on Friday, May 18th. Shore Capital reaffirmed a “buy” rating on shares of Sophos Group in a report on Friday, July 6th. Finally, Deutsche Bank reiterated a “buy” rating on shares of Sophos Group in a research note on Friday, May 18th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Sophos Group currently has a consensus rating of “Buy” and a consensus target price of GBX 670.50 ($8.57).
SOPH stock opened at GBX 534.50 ($6.83) on Thursday. Sophos Group has a 12-month low of GBX 258.70 ($3.31) and a 12-month high of GBX 675.62 ($8.64).
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: Leveraged Buyout (LBO)
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