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NCC Group plc ( (GB:NCC) ) has shared an announcement.
NCC Group plc has repurchased 411,870 ordinary shares at a volume-weighted average price of 112.44 pence as part of its previously announced share buyback programme, with the shares to be cancelled. Following cancellation, the company will have 289,706,209 ordinary shares in issue, compared with 292,108,886 voting shares at the time of the announcement, signalling ongoing capital-management efforts that modestly reduce share count for existing investors.
The repurchases were executed on the London Stock Exchange by Peel Hunt LLP, within a trading range of 111.90 pence to 112.75 pence per share. The move underlines NCC Group’s use of balance-sheet flexibility to return value to shareholders and may support earnings per share by lowering the number of shares in circulation, while leaving no shares held in treasury.
The most recent analyst rating on (GB:NCC) stock is a Hold with a £118.00 price target. To see the full list of analyst forecasts on NCC Group plc stock, see the GB:NCC Stock Forecast page.
Spark’s Take on NCC Stock
According to Spark, TipRanks’ AI Analyst, NCC is a Neutral.
NCC Group plc’s overall stock score is primarily influenced by its financial performance, which shows strong cash flow management and a stable balance sheet despite revenue and profitability challenges. Technical analysis indicates neutral momentum, while valuation suggests the stock may be overvalued. The absence of earnings call data and corporate events means these factors do not impact the score.
To see Spark’s full report on NCC stock, click here.
More about NCC Group plc
NCC Group plc is a U.K.-listed cyber and software resilience specialist that provides security testing, assurance and related cyber services to corporate and public-sector clients. The company focuses on helping organisations manage cyber risk and protect critical digital infrastructure across global markets.
Average Trading Volume: 2,119,917
Technical Sentiment Signal: Sell
Current Market Cap: £321M
Learn more about NCC stock on TipRanks’ Stock Analysis page.