Sophos Group (SOPH) Given Average Recommendation of “Buy” by Brokerages

Sophos Group (LON:SOPH) has been assigned a consensus rating of “Buy” from the nine research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 535.83 ($7.52).

Several research analysts have recently weighed in on SOPH shares. Credit Suisse Group reaffirmed an “outperform” rating on shares of Sophos Group in a research report on Thursday, January 11th. Shore Capital reaffirmed a “buy” rating on shares of Sophos Group in a research report on Thursday, February 8th. Numis Securities cut Sophos Group to a “hold” rating and set a GBX 570 ($8.00) price objective for the company. in a research report on Thursday, February 8th. Morgan Stanley reduced their price objective on Sophos Group from GBX 780 ($10.95) to GBX 705 ($9.90) and set an “overweight” rating for the company in a research report on Monday, February 12th. Finally, Northern Trust Capital Markets started coverage on Sophos Group in a research report on Tuesday, March 20th. They set a “trading sell” rating for the company.

Shares of Sophos Group stock traded up GBX 64.60 ($0.91) during trading hours on Friday, hitting GBX 480.60 ($6.75). The company’s stock had a trading volume of 4,536,587 shares, compared to its average volume of 2,150,000. Sophos Group has a 12 month low of GBX 258.70 ($3.63) and a 12 month high of GBX 675.62 ($9.48).

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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.

Analyst Recommendations for Sophos Group (LON:SOPH)

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