Deutsche Bank Trims Sophos Group (SOPH) Target Price to GBX 300
Sophos Group (LON:SOPH) had its price target reduced by Deutsche Bank from GBX 370 ($4.83) to GBX 300 ($3.92) in a research report released on Thursday morning. They currently have a hold rating on the stock.
A number of other research firms also recently weighed in on SOPH. JPMorgan Chase & Co. decreased their price objective on Sophos Group from GBX 420 ($5.49) to GBX 400 ($5.23) and set a neutral rating on the stock in a report on Thursday, January 10th. Credit Suisse Group decreased their price objective on Sophos Group from GBX 575 ($7.51) to GBX 407 ($5.32) and set an outperform rating on the stock in a report on Tuesday, January 22nd. Shore Capital reaffirmed a buy rating on shares of Sophos Group in a report on Friday, January 18th. Liberum Capital downgraded Sophos Group to a hold rating and decreased their price objective for the company from GBX 400 ($5.23) to GBX 320 ($4.18) in a report on Monday, January 21st. Finally, UBS Group reaffirmed a buy rating and set a GBX 400 ($5.23) price objective (down from GBX 440 ($5.75)) on shares of Sophos Group in a report on Monday, January 21st. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Sophos Group currently has an average rating of Buy and an average price target of GBX 448 ($5.85).
LON SOPH opened at GBX 325 ($4.25) on Thursday. The company has a debt-to-equity ratio of 177.39, a quick ratio of 0.61 and a current ratio of 0.64. The company has a market cap of $1.56 billion and a price-to-earnings ratio of -87.84. Sophos Group has a 1-year low of GBX 273.40 ($3.57) and a 1-year high of GBX 645.50 ($8.43).
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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