Sophos Ltd (SOPH) Price Target Raised to GBX 430 at JPMorgan Chase & Co.

Sophos Ltd (LON:SOPH) had its price objective upped by JPMorgan Chase & Co. from GBX 360 ($4.65) to GBX 430 ($5.55) in a research note published on Thursday morning. JPMorgan Chase & Co. currently has an overweight rating on the stock.

SOPH has been the topic of a number of other reports. Morgan Stanley restated an overweight rating on shares of Sophos in a research report on Friday, January 27th. Peel Hunt restated a buy rating and issued a GBX 360 ($4.65) price target on shares of Sophos in a research report on Thursday, January 19th. Citigroup Inc restated a buy rating and issued a GBX 325 ($4.20) price target on shares of Sophos in a research report on Thursday, March 16th. Shore Capital started coverage on shares of Sophos in a research report on Wednesday, March 29th. They issued a sell rating on the stock. Finally, Deutsche Bank AG restated a buy rating and issued a GBX 290 ($3.74) price target on shares of Sophos in a research report on Wednesday, April 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of GBX 353.57 ($4.56).

Analyst Recommendations for Sophos (LON:SOPH)

Sophos (LON:SOPH) traded up 1.99% on Thursday, hitting GBX 400.50. 4,690,392 shares of the company were exchanged. The firm’s market cap is GBX 1.82 billion. Sophos has a one year low of GBX 146.00 and a one year high of GBX 419.70. The stock has a 50 day moving average price of GBX 332.88 and a 200 day moving average price of GBX 280.39.

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The business also recently announced a dividend, which will be paid on Friday, October 13th. Stockholders of record on Thursday, September 14th will be given a dividend of $0.03 per share. This represents a dividend yield of 0.64%. This is a positive change from Sophos’s previous dividend of $0.01. The ex-dividend date of this dividend is Thursday, September 14th.

In other news, insider Kris Hagerman sold 56,428 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of GBX 393 ($5.07), for a total transaction of £221,762.04 ($286,255.38). Also, insider Steve Munford bought 2,866,194 shares of Sophos stock in a transaction dated Friday, March 17th. The shares were bought at an average price of GBX 264 ($3.41) per share, for a total transaction of £7,566,752.16 ($9,767,332.08).

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).

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