Sophos Group (SOPH) Price Target Cut to GBX 400
Sophos Group (LON:SOPH) had its target price decreased by stock analysts at JPMorgan Chase & Co. from GBX 420 ($5.49) to GBX 400 ($5.23) in a research report issued on Thursday. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 5.04% from the stock’s current price.
Several other research firms have also weighed in on SOPH. Deutsche Bank lowered Sophos Group to a “hold” rating and decreased their price target for the company from GBX 630 ($8.23) to GBX 530 ($6.93) in a report on Monday, September 17th. UBS Group restated a “buy” rating on shares of Sophos Group in a report on Friday, September 14th. Shore Capital restated a “buy” rating on shares of Sophos Group in a report on Monday, November 5th. Liberum Capital began coverage on Sophos Group in a report on Wednesday, October 17th. They set a “buy” rating and a GBX 530 ($6.93) price target on the stock. Finally, Panmure Gordon began coverage on Sophos Group in a report on Friday, October 12th. They set a “hold” rating and a GBX 425 ($5.55) price target on the stock. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of GBX 513.67 ($6.71).
LON SOPH opened at GBX 380.80 ($4.98) on Thursday. Sophos Group has a one year low of GBX 258.70 ($3.38) and a one year high of GBX 675.62 ($8.83).
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.
Further Reading: Ex-Dividend
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