Insider Buying: NCC Group (LON:NCC) Insider Purchases £164.78 in Stock

NCC Group plc (LON:NCC) insider Guy Ellis acquired 107 shares of the company’s stock in a transaction on Monday, October 19th. The shares were acquired at an average cost of GBX 154 per share, for a total transaction of £164.78.

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

• On Thursday, September 17th, Guy Ellis bought 124 shares of NCC Group stock. The stock was acquired at an average price of GBX 132 per share, with a total value of £163.68.
• On Monday, August 17th, Guy Ellis bought 117 shares of NCC Group stock. The stock was acquired at an average price of GBX 141 per share, with a total value of £164.97.

NCC Group Stock Performance

LON NCC opened at GBX 157 on Friday. The company’s 50 day moving average is GBX 142.52 and its 200-day moving average is GBX 137.10. NCC Group plc has a 12-month low of GBX 107.20 and a 12-month high of GBX 161.60. 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 firm has a market cap of £243.00 million, a P/E ratio of 52.33 and a beta of 0.66.

NCC Group declared that its board has approved a stock buyback program on Monday, September 7th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Share repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 150 price objective 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of GBX 150.

NCC Group Company Profile

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.