Sophos Group’s (SOPH) “Buy” Rating Reaffirmed at UBS Group
UBS Group reiterated their buy rating on shares of Sophos Group (LON:SOPH) in a research note issued to investors on Friday morning, investing.thisismoney.co.uk reports. They currently have a GBX 440 ($5.75) price objective on the stock, down from their prior price objective of GBX 645 ($8.43).
A number of other equities research analysts have also weighed in on SOPH. Deutsche Bank decreased their target price on shares of Sophos Group from GBX 530 ($6.93) to GBX 370 ($4.83) and set a hold rating for the company in a research note on Thursday, November 8th. Shore Capital reiterated a buy rating on shares of Sophos Group in a research note on Monday, November 5th. Credit Suisse Group reiterated an outperform rating on shares of Sophos Group in a research note on Thursday, November 1st. Liberum Capital began coverage on shares of Sophos Group in a research note on Wednesday, October 17th. They set a buy rating and a GBX 530 ($6.93) target price for the company. Finally, Numis Securities upgraded shares of Sophos Group to an add rating in a research note on Monday, July 30th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Sophos Group has an average rating of Buy and a consensus target price of GBX 535.89 ($7.00).
Shares of SOPH opened at GBX 323.80 ($4.23) on Friday. Sophos Group has a 1-year low of GBX 258.70 ($3.38) and a 1-year high of GBX 675.62 ($8.83).
In other news, insider Kris Hagerman sold 66,408 shares of the company’s stock in a transaction on Friday, November 9th. The stock was sold at an average price of GBX 355 ($4.64), for a total value of £235,748.40 ($308,047.04). Also, insider Nick Bray sold 1,910 shares of the company’s stock in a transaction on Monday, September 3rd. The stock was sold at an average price of GBX 526 ($6.87), for a total value of £10,046.60 ($13,127.66).
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.
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