Sophos Group PLC’s (LON:SOPH) “Hold” Rating Reaffirmed at Shore Capital
Other equities research analysts have also recently issued reports about the company. Numis Securities Ltd restated an add rating on shares of Sophos Group PLC in a research report on Thursday, June 1st. Citigroup Inc. raised their target price on Sophos Group PLC from GBX 325 ($4.23) to GBX 380 ($4.95) and gave the company a buy rating in a research report on Wednesday, April 5th. Deutsche Bank AG raised their target price on Sophos Group PLC from GBX 290 ($3.78) to GBX 350 ($4.56) and gave the company a buy rating in a research report on Monday, May 15th. Morgan Stanley reiterated an overweight rating on shares of Sophos Group PLC in a report on Monday, June 26th. Finally, J P Morgan Chase & Co lifted their price objective on Sophos Group PLC from GBX 360 ($4.69) to GBX 430 ($5.60) and gave the stock an overweight rating in a report on Thursday, May 18th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of GBX 381 ($4.96).
Sophos Group PLC (LON:SOPH) opened at 448.90 on Thursday. The company’s market cap is GBX 2.06 billion. Sophos Group PLC has a 1-year low of GBX 203.90 and a 1-year high of GBX 475.10. The stock has a 50 day moving average price of GBX 452.32 and a 200-day moving average price of GBX 350.36.
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The company also recently disclosed a dividend, which will be paid on Friday, October 13th. Investors of record on Thursday, September 14th will be issued a $0.03 dividend. This represents a yield of 0.64%. This is a boost from Sophos Group PLC’s previous dividend of $0.01. The ex-dividend date is Thursday, September 14th.
In related news, insider Kris Hagerman sold 364,753 shares of Sophos Group PLC stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of GBX 421 ($5.48), for a total value of £1,535,610.13 ($2,000,534.30). Also, insider Nick Bray sold 17,537 shares of Sophos Group PLC stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of GBX 443 ($5.77), for a total value of £77,688.91 ($101,210.15). Over the last quarter, insiders sold 560,344 shares of company stock worth $234,589,028.
About Sophos Group PLC
Sophos Group plc operates as an investment company for the Sophos Group. It is a provider of cloud-enabled end-user and network security solutions. Its geographic segments include Europe, Middle East and Africa (EMEA), the Americas, and Asia Pacific and Japan (APJ). Its products under enduser security include Sophos Mobile Control 6, which is developed to include Sophos Secure Email, a personal information management container solution for e-mail, calendar and contacts, and Sophos Server Protection Advanced, which integrates server application to deliver single-click server lockdown, using Sophos Central management.
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