Sophos Group (LON:SOPH) had its target price decreased by Deutsche Bank from GBX 700 ($9.32) to GBX 630 ($8.39) in a note issued to investors on Friday. The brokerage presently has a “buy” rating on the stock. Deutsche Bank’s price objective would suggest a potential upside of 23.29% from the company’s current price.
A number of other research firms also recently weighed in on SOPH. Numis Securities upped their target price on Sophos Group from GBX 570 ($7.59) to GBX 580 ($7.72) and gave the stock a “hold” rating in a report on Friday, May 18th. Credit Suisse Group upped their target price on Sophos Group from GBX 700 ($9.32) to GBX 750 ($9.99) and gave the stock an “outperform” rating in a report on Monday, June 25th. Deutsche Bank reiterated a “buy” rating on shares of Sophos Group in a report on Friday, May 18th. Shore Capital reiterated a “buy” rating on shares of Sophos Group in a report on Thursday, May 17th. Finally, Jefferies Financial Group reduced their target price on Sophos Group from GBX 865 ($11.52) to GBX 750 ($9.99) and set a “buy” rating on the stock in a report on Tuesday, May 8th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Sophos Group currently has an average rating of “Buy” and an average target price of GBX 676.67 ($9.01).
Get Sophos Group alerts:Sophos Group opened at GBX 511 ($6.80) on Friday, Marketbeat Ratings reports. Sophos Group has a fifty-two week low of GBX 258.70 ($3.44) and a fifty-two week high of GBX 675.62 ($9.00).
In other news, insider Steve Munford sold 400,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 23rd. The stock was sold at an average price of GBX 561 ($7.47), for a total value of 拢2,244,000 ($2,987,618.16). Also, insider Nick Bray sold 4,385 shares of the business’s stock in a transaction that occurred on Thursday, June 14th. The stock was sold at an average price of GBX 592 ($7.88), for a total value of 拢25,959.20 ($34,561.58). Insiders have sold a total of 412,022 shares of company stock worth $231,356,647 in the last quarter.
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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