Shares of NCC Group plc (LON:NCC – Get Free Report) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 135.19 and traded as high as GBX 157.60. NCC Group shares last traded at GBX 155.40, with a volume of 1,576,924 shares traded.
Wall Street Analyst Weigh In
Separately, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 150 price objective on shares of NCC Group in a research note on Friday, June 26th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 162.50.
Check Out Our Latest Analysis on NCC Group
NCC Group Stock Down 0.6%
The company has a debt-to-equity ratio of 34.83, a current ratio of 1.90 and a quick ratio of 0.97. The stock has a market capitalization of £237.74 million, a P/E ratio of 51.20 and a beta of 0.66. The firm has a 50-day simple moving average of GBX 141.16 and a 200 day simple moving average of GBX 135.75.
NCC Group announced that its board has authorized a stock buyback program on Monday, September 7th that permits the company to buy back 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication 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.
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