Sophos Group PLC (LON:SOPH) has been assigned an average recommendation of “Hold” from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 414.17 ($5.41).
SOPH has been the subject of a number of recent research reports. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 330 ($4.31) price objective (down from GBX 340 ($4.44)) on shares of Sophos Group in a research note on Monday, March 25th. UBS Group reissued a “buy” rating and set a GBX 440 ($5.75) price objective (up from GBX 400 ($5.23)) on shares of Sophos Group in a research note on Friday, May 17th. Deutsche Bank dropped their price objective on shares of Sophos Group from GBX 370 ($4.83) to GBX 300 ($3.92) and set a “hold” rating for the company in a research note on Thursday, March 14th. Shore Capital reissued a “hold” rating on shares of Sophos Group in a research note on Thursday, May 16th. Finally, Credit Suisse Group raised their price objective on shares of Sophos Group from GBX 407 ($5.32) to GBX 480 ($6.27) and gave the stock an “outperform” rating in a research note on Monday, May 20th.
Shares of SOPH traded down GBX 2.40 ($0.03) during mid-day trading on Thursday, reaching GBX 396 ($5.17). 2,208,867 shares of the company’s stock were exchanged, compared to its average volume of 2,150,000. The company has a debt-to-equity ratio of 192.55, a current ratio of 0.67 and a quick ratio of 0.65. Sophos Group has a 52-week low of GBX 273.40 ($3.57) and a 52-week high of GBX 645.50 ($8.43). The stock has a market cap of $1.91 billion and a price-to-earnings ratio of 73.33.
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. This is a boost from Sophos Group’s previous dividend of $0.02. This represents a yield of 0.75%. The ex-dividend date is Thursday, September 19th. Sophos Group’s payout ratio is presently 0.74%.
In other Sophos Group news, insider Nick Bray sold 23,105 shares of Sophos Group 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 10,264 shares of Sophos Group stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of GBX 329 ($4.30), for a total transaction of £33,768.56 ($44,124.60).
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.
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