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NCC Group plc ( (GB:NCC) ) has issued an announcement.
NCC Group plc has repurchased 890,112 ordinary shares at a volume-weighted average price of 128 pence per share through broker Peel Hunt LLP as part of its recently announced share buyback programme. The company plans to cancel these shares, which will reduce its share capital and is typically intended to enhance earnings per share and signal confidence in the business to investors.
Following this transaction, NCC Group will have 295,675,576 ordinary shares in issue, with none held in treasury, while it also confirmed that it currently has 299,731,059 voting shares outstanding under takeover code disclosure rules. The move underscores active capital management by the cyber security group and provides updated transparency on its share count and voting rights for market participants and potential corporate action observers.
The most recent analyst rating on (GB:NCC) stock is a Hold with a £130.00 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 UK-based cyber security and risk mitigation company that provides assurance, software escrow, and managed security services to clients globally. The group focuses on helping businesses secure their critical infrastructure, data, and digital operations across a range of industries, with its shares listed on the London Stock Exchange.
Average Trading Volume: 1,867,353
Technical Sentiment Signal: Sell
Current Market Cap: £368.7M
Learn more about NCC stock on TipRanks’ Stock Analysis page.