NCC Group (LON:NCC) Insider Mike Maddison Buys 125 Shares

NCC Group plc (LON:NCC) insider Mike Maddison purchased 125 shares of NCC Group stock in a transaction dated Thursday, September 17th. The shares were bought at an average cost of GBX 132 per share, for a total transaction of £165.

Mike Maddison also recently made the following trade(s):

• On Monday, August 17th, Mike Maddison acquired 116 shares of NCC Group stock. The stock was purchased at an average cost of GBX 141 per share, with a total value of £163.56.
• On Friday, July 17th, Mike Maddison acquired 115 shares of NCC Group stock. The shares were purchased at an average price of GBX 143 per share, for a total transaction of £164.45.

NCC Group Stock Down 1.5%

LON NCC traded down GBX 2 on Friday, hitting GBX 131. 8,605,552 shares of the stock traded hands, compared to its average volume of 4,357,238. The company has a current ratio of 1.90, a quick ratio of 0.97 and a debt-to-equity ratio of 34.83. The stock has a 50-day moving average of GBX 139.91 and a 200 day moving average of GBX 132.69. NCC Group plc has a twelve month low of GBX 107.20 and a twelve month high of GBX 161.60. The company has a market capitalization of £361.75 million, a P/E ratio of 43.67 and a beta of 0.66.

NCC Group announced that its Board of Directors has authorized a share buyback plan on Monday, September 7th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 150 price objective on shares of NCC Group in a research note on Friday, June 26th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, NCC Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 162.50.

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.