Sophos Group PLC (LON:SOPH) has earned a consensus recommendation of “Buy” from the seven brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is GBX 400 ($5.19).
Several research analysts recently issued reports on SOPH shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Sophos Group PLC in a research report on Monday, June 26th. Shore Capital upgraded Sophos Group PLC to a “hold” rating in a report on Tuesday, May 30th. J P Morgan Chase & Co increased their price target on Sophos Group PLC from GBX 360 ($4.67) to GBX 430 ($5.58) and gave the stock an “overweight” rating in a report on Thursday, May 18th. Deutsche Bank AG increased their price target on Sophos Group PLC from GBX 290 ($3.76) to GBX 350 ($4.54) and gave the stock a “buy” rating in a report on Monday, May 15th. Finally, Numis Securities Ltd reiterated an “add” rating on shares of Sophos Group PLC in a report on Thursday, June 1st.
In other news, insider Kris Hagerman sold 364,753 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of GBX 421 ($5.47), for a total value of £1,535,610.13 ($1,993,522.17). Also, insider Nick Bray sold 23,105 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of GBX 479 ($6.22), for a total value of £110,672.95 ($143,675.13). Over the last quarter, insiders have sold 527,021 shares of company stock valued at $223,480,119.
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Sophos Group PLC (LON:SOPH) traded up 1.86% during trading on Friday, hitting GBX 486.30. The company had a trading volume of 362,919 shares. The firm has a 50-day moving average of GBX 467.14 and a 200 day moving average of GBX 374.57. Sophos Group PLC has a 12-month low of GBX 203.90 and a 12-month high of GBX 491.30. The company’s market capitalization is GBX 2.24 billion.
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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