J P Morgan Chase & Co Raises Sophos Ltd (SOPH) Price Target to GBX 340

Sophos Ltd (LON:SOPH) had its price target increased by J P Morgan Chase & Co from GBX 320 ($4.00) to GBX 340 ($4.25) in a research note issued to investors on Thursday morning. They currently have an overweight rating on the stock.

A number of other research firms also recently issued reports on SOPH. Peel Hunt reissued a buy rating and issued a GBX 360 ($4.50) price objective on shares of Sophos in a report on Thursday, January 19th. Morgan Stanley restated an overweight rating on shares of Sophos in a research report on Friday, January 27th. Numis Securities Ltd restated an add rating and issued a GBX 256 ($3.20) target price on shares of Sophos in a research report on Friday, November 4th. Finally, Deutsche Bank AG restated a buy rating on shares of Sophos in a research report on Thursday, November 10th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of Buy and an average price target of GBX 319.29 ($3.99).

Analyst Recommendations for Sophos (LON:SOPH)

Shares of Sophos (LON:SOPH) opened at 286.70 on Thursday. The firm’s 50-day moving average is GBX 267.16 and its 200 day moving average is GBX 252.80. Sophos has a 52 week low of GBX 146.00 and a 52 week high of GBX 291.60. The firm’s market capitalization is GBX 1.29 billion.

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In other Sophos news, insider Nick Bray sold 46,209 shares of the business’s stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of GBX 282 ($3.52), for a total transaction of £130,309.38 ($162,846.01). Also, insider Kris Hagerman bought 2,495 shares of Sophos stock in a transaction on Wednesday, December 28th. The shares were acquired at an average cost of GBX 142 ($1.77) per share, for a total transaction of £3,542.90 ($4,427.52).

About Sophos

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).

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