NCC Group (LON:NCC) Board Approves Stock Repurchase Plan

NCC Group (LON:NCC) declared that its Board of Directors has approved a stock repurchase plan on Monday, September 7th, RTT News reports. The company plans to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 150 price target on shares of NCC Group in a research report 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 162.50.

NCC Group Price Performance

Shares of NCC stock traded down GBX 0.41 on Monday, hitting GBX 139.99. 1,681,929 shares of the company’s stock were exchanged, compared to its average volume of 4,366,935. The company has a 50 day moving average of GBX 140.05 and a 200 day moving average of GBX 132.79. The stock has a market cap of £386.58 million, a P/E ratio of 46.66 and a beta of 0.66. The company has a debt-to-equity ratio of 34.83, a current ratio of 1.90 and a quick ratio of 0.97. NCC Group has a 12 month low of GBX 107.20 and a 12 month high of GBX 161.60.

NCC Group (LON:NCC) last released its earnings results on Thursday, June 11th. The company reported GBX 4.50 earnings per share (EPS) for the quarter. The firm had revenue of £118.40 million for the quarter. NCC Group had a return on equity of 4.85% and a net margin of 4.54%. On average, equities research analysts predict that NCC Group will post 6.744373 EPS for the current year.

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.