UBS Group reaffirmed their buy rating on shares of Sophos Group (LON:SOPH) in a report released on Tuesday morning, www.digitallook.com reports. The firm currently has a GBX 645 ($8.40) price objective on the stock.

Other equities research analysts have also issued research reports about the company. Credit Suisse Group upped their price objective on Sophos Group from GBX 700 ($9.12) to GBX 750 ($9.77) and gave the stock an outperform rating in a research report on Monday, June 25th. Deutsche Bank restated a buy rating on shares of Sophos Group in a research report on Friday, July 27th. Shore Capital restated a buy rating on shares of Sophos Group in a research report on Friday, July 6th. Finally, Numis Securities upgraded Sophos Group to an add rating in a research report on Monday, July 30th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Sophos Group has an average rating of Buy and an average price target of GBX 653.83 ($8.52).

Sophos Group stock opened at GBX 495.20 ($6.45) on Tuesday. Sophos Group has a 12 month low of GBX 258.70 ($3.37) and a 12 month high of GBX 675.62 ($8.80).

In other Sophos Group news, insider Nick Bray sold 183,950 shares of the company’s stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of GBX 501 ($6.53), for a total value of £921,589.50 ($1,200,455.26).

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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Analyst Recommendations for Sophos Group (LON:SOPH)

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