UBS Group Reiterates Buy Rating for Sophos Group (SOPH)

Sophos Group (LON:SOPH)‘s stock had its “buy” rating reissued by stock analysts at UBS Group in a research report issued to clients and investors on Tuesday, reports. They currently have a GBX 645 ($8.40) price target on the stock. UBS Group’s price target points to a potential upside of 28.36% from the company’s current price.

Several other analysts also recently issued reports on SOPH. Credit Suisse Group upped their price target on shares of Sophos Group from GBX 700 ($9.12) to GBX 750 ($9.77) and gave the company an “outperform” rating in a report on Monday, June 25th. Shore Capital reaffirmed a “buy” rating on shares of Sophos Group in a report on Friday, July 6th. Deutsche Bank cut their price objective on shares of Sophos Group from GBX 700 ($9.12) to GBX 630 ($8.21) and set a “buy” rating for the company in a research report on Friday, July 13th. Finally, Numis Securities raised shares of Sophos Group to an “add” rating in a research report on Monday, July 30th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of GBX 653.83 ($8.52).

Shares of LON:SOPH opened at GBX 502.50 ($6.55) on Tuesday. Sophos Group has a 12 month low of GBX 258.70 ($3.37) and a 12 month high of GBX 675.62 ($8.80).

In other news, insider Nick Bray sold 183,950 shares of the stock in a transaction on Thursday, August 9th. The shares were sold at an average price of GBX 501 ($6.53), for a total value of £921,589.50 ($1,200,455.26).

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: Understanding Price to Earnings Ratio (PE)

Analyst Recommendations for Sophos Group (LON:SOPH)

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