UBS Group reaffirmed their buy rating on shares of Sophos Group (LON:SOPH) in a report released on Monday, ThisIsMoney.Co.Uk reports. The firm currently has a GBX 460 ($6.01) price target on the stock, up from their prior price target of GBX 450 ($5.88).
SOPH has been the topic of several other reports. Deutsche Bank upped their price objective on shares of Spirit Airlines from $75.00 to $79.00 and gave the stock a buy rating in a research report on Friday, July 12th. Numis Securities upgraded shares of AJ Bell to a hold rating in a research report on Monday, June 10th. Liberum Capital restated a buy rating on shares of Boohoo Group in a research report on Friday, July 12th. Morgan Stanley restated an overweight rating and issued a GBX 460 ($6.01) price objective on shares of Sophos Group in a research report on Friday, May 17th. Finally, Credit Suisse Group restated an outperform rating on shares of in a research report on Wednesday, June 5th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of GBX 436.88 ($5.71).
SOPH stock opened at GBX 447.60 ($5.85) on Monday. The company has a debt-to-equity ratio of 192.55, a quick ratio of 0.55 and a current ratio of 0.67. The stock has a 50 day moving average of GBX 403.68. The company has a market capitalization of $2.16 billion and a PE ratio of 82.89. Sophos Group has a 1-year low of GBX 273.40 ($3.57) and a 1-year high of GBX 546 ($7.13).
The company also recently announced a dividend, which will be paid on Friday, October 11th. Shareholders of record on Thursday, September 19th will be paid a $0.04 dividend. The ex-dividend date is Thursday, September 19th. This represents a yield of 0.75%. This is a positive change from Sophos Group’s previous dividend of $0.02. Sophos Group’s dividend payout ratio is currently 0.74%.
In other Sophos Group news, insider Nick Bray sold 23,105 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of GBX 385 ($5.03), for a total value of £88,954.25 ($116,234.48). Also, insider Kris Hagerman sold 19,414 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of GBX 402 ($5.25), for a total value of £78,044.28 ($101,978.68).
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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