Sophos (SOPH) Downgraded by Numis Securities

Sophos (LON:SOPH) was downgraded by stock analysts at Numis Securities to a “hold” rating in a report issued on Thursday. They currently have a GBX 570 ($7.99) price target on the stock. Numis Securities’ target price indicates a potential upside of 12.87% from the company’s current price.

A number of other equities research analysts have also commented on SOPH. Jefferies Group initiated coverage on Sophos in a research report on Thursday, November 2nd. They issued a “buy” rating on the stock. Shore Capital restated a “hold” rating on shares of Sophos in a research report on Wednesday, November 8th. Finally, Credit Suisse Group restated an “outperform” rating on shares of Sophos in a research report on Thursday, January 11th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Sophos currently has an average rating of “Buy” and a consensus price target of GBX 452.50 ($6.34).

Sophos (LON:SOPH) traded down GBX 8 ($0.11) on Thursday, hitting GBX 505 ($7.08). 8,174,109 shares of the stock traded hands, compared to its average volume of 1,640,000. The firm has a market capitalization of $2,350.00 and a P/E ratio of -6,312.50. Sophos has a 12-month low of GBX 258.70 ($3.63) and a 12-month high of GBX 675.62 ($9.47).

In related news, insider Steve Munford sold 200,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of GBX 583 ($8.17), for a total transaction of £1,166,000 ($1,634,885.03). Also, insider Kris Hagerman bought 2,087 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were purchased at an average price of GBX 376 ($5.27) per share, with a total value of £7,847.12 ($11,002.69).

COPYRIGHT VIOLATION WARNING: This news story was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2018/02/11/sophos-soph-downgraded-by-numis-securities.html.

Sophos Company Profile

Sophos Limited is a United Kingdom-based cyber security company. The Company is engaged in the provision of information technology (IT) security solutions. Its security suites protect organizations by defending against known and unknown malware, spyware, intrusions, unwanted applications, spam, policy abuse and data leakage while providing network access control (NAC).

Analyst Recommendations for Sophos (LON:SOPH)

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

Leave a Reply