NCC Group (LON:NCC) Sets New 1-Year High – Here’s Why

NCC Group plc (LON:NCC)’s share price reached a new 52-week high during mid-day trading on Friday. The company traded as high as GBX 165.40 and last traded at GBX 165, with a volume of 10,909,099 shares trading hands. The stock had previously closed at GBX 157.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 150 price target on shares of NCC Group in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of GBX 150.

NCC Group Stock Up 5.1%

The company has a quick ratio of 0.97, a current ratio of 1.90 and a debt-to-equity ratio of 34.83. The company has a fifty day simple moving average of GBX 142.52 and a 200-day simple moving average of GBX 137.10. The firm has a market cap of £255.39 million, a P/E ratio of 55.00 and a beta of 0.66.

NCC Group declared that its board has authorized a share buyback plan on Monday, September 7th that authorizes the company to buy back 0 shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Share buyback plans are typically a sign that the company’s board believes its stock is undervalued.

About NCC Group

NCC Group is a people-powered, tech-enabled global cyber security and software escrow business.

Driven by a collective purpose to create a more secure digital future, c. 2,000 colleagues across Europe, North America, and Asia Pacific harness their collective insight, intelligence, and innovation to deliver cyber resilience solutions for both public and private sector clients globally. With decades of experience and a rich heritage,
NCC Group is committed to developing sustainable solutions that continue to meet client’s current and future cyber security challenges.