Insider Buying: NCC Group (LON:NCC) Insider Acquires £163.68 in Stock

NCC Group plc (LON:NCC) insider Guy Ellis acquired 124 shares of the firm’s stock in a transaction dated Thursday, September 17th. The shares were purchased at an average price of GBX 132 per share, with a total value of £163.68.

Guy Ellis also recently made the following trade(s):

• On Monday, August 17th, Guy Ellis bought 117 shares of NCC Group stock. The shares were purchased at an average cost of GBX 141 per share, for a total transaction of £164.97.
• On Friday, July 17th, Guy Ellis purchased 115 shares of NCC Group stock. The stock was acquired at an average cost of GBX 143 per share, with a total value of £164.45.

NCC Group Stock Performance

Shares of NCC stock opened at GBX 131 on Monday. NCC Group plc has a 12 month low of GBX 107.20 and a 12 month high of GBX 161.60. The firm has a market capitalization of £361.75 million, a PE ratio of 43.67 and a beta of 0.66. The firm has a fifty day simple moving average of GBX 139.74 and a two-hundred day simple moving average of GBX 132.72. 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 has approved a stock repurchase program on Monday, September 7th that allows the company to buyback 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 150 price target on shares of NCC Group in a research note on Friday, June 26th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.