JPMorgan Chase & Co. Cuts Sophos Group (SOPH) Price Target to GBX 600

Sophos Group (LON:SOPH) had its price target dropped by equities research analysts at JPMorgan Chase & Co. from GBX 690 ($9.02) to GBX 600 ($7.84) in a research note issued to investors on Thursday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 29.87% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. UBS Group reaffirmed a “buy” rating on shares of Sophos Group in a research note on Wednesday. Deutsche Bank reaffirmed a “hold” rating on shares of Sophos Group in a research note on Wednesday. Credit Suisse Group reaffirmed an “outperform” rating on shares of Sophos Group in a research note on Tuesday. Numis Securities raised Sophos Group to an “add” rating in a research note on Monday, July 30th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Sophos Group in a research note on Friday, July 6th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of GBX 618.50 ($8.08).

LON:SOPH opened at GBX 462 ($6.04) on Thursday. Sophos Group has a fifty-two week low of GBX 258.70 ($3.38) and a fifty-two week high of GBX 675.62 ($8.83).

In related news, insider Nick Bray sold 1,910 shares of the business’s stock in a transaction that occurred on Monday, September 3rd. The stock was sold at an average price of GBX 526 ($6.87), for a total value of £10,046.60 ($13,127.66).

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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Analyst Recommendations for Sophos Group (LON:SOPH)

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