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

NCC Group plc (LON:NCC)’s stock price hit a new 52-week high 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 traded. The stock had previously closed at GBX 157.

Analyst Upgrades and Downgrades

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

NCC Group Stock Performance

The business’s 50 day simple moving average is GBX 142.52 and its two-hundred day simple moving average is GBX 137.10. The firm has a market capitalization of £255.39 million, a PE ratio of 55.00 and a beta of 0.66. The company has a current ratio of 1.90, a quick ratio of 0.97 and a debt-to-equity ratio of 34.83.

NCC Group announced that its Board of Directors has approved a stock buyback program on Monday, September 7th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Share repurchase programs are usually an indication that the company’s board of directors 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.