Sophos Group (LON:SOPH) Price Target Increased to GBX 420 by Analysts at Deutsche Bank

Sophos Group (LON:SOPH) had its price target hoisted by stock analysts at Deutsche Bank from GBX 360 ($4.70) to GBX 420 ($5.49) in a research report issued to clients and investors on Friday, Digital Look reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank’s price target indicates a potential downside of 3.96% from the company’s previous close.

Several other equities research analysts have also commented on the stock. Credit Suisse Group restated an “outperform” rating on shares of in a research note on Wednesday, June 5th. Shore Capital restated a “house stock” rating on shares of A.G. Barr in a research note on Thursday, May 16th. JPMorgan Chase & Co. raised their price target on shares of from GBX 385 ($5.03) to GBX 480 ($6.27) and gave the company an “overweight” rating in a research note on Wednesday, July 3rd. UBS Group restated a “buy” rating and issued a $190.00 price target on shares of salesforce.com in a research note on Wednesday, June 5th. Finally, Numis Securities upgraded shares of AJ Bell to a “hold” rating in a research note on Monday, June 10th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 436.88 ($5.71).

Shares of LON:SOPH traded down GBX 2.60 ($0.03) during trading hours on Friday, hitting GBX 437.30 ($5.71). The stock had a trading volume of 4,952,467 shares, compared to its average volume of 2,150,000. The firm has a fifty day moving average price of GBX 401.84. Sophos Group has a 1-year low of GBX 273.40 ($3.57) and a 1-year high of GBX 546 ($7.13). The firm has a market capitalization of $2.12 billion and a price-to-earnings ratio of 80.98. The company has a debt-to-equity ratio of 192.55, a current ratio of 0.67 and a quick ratio of 0.55.

In other news, insider Nick Bray sold 23,105 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were 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 firm’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 transaction 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.

Recommended Story: The role of implied volatility with call option volume

Analyst Recommendations for Sophos Group (LON:SOPH)

Receive News & Ratings for Sophos Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sophos Group and related companies with MarketBeat.com's FREE daily email newsletter.