NCC Group Advances Share Buyback, Cancels 404,900 Shares

An announcement from NCC Group plc ( (GB:NCC) ) is now available.

NCC Group plc has repurchased 404,900 ordinary shares at a volume-weighted average price of 115.18 pence per share as part of its previously announced share buyback programme executed through Peel Hunt LLP. The company intends to cancel these shares, which will reduce the total number of ordinary shares in issue to 291,352,062 and is expected to enhance capital efficiency and earnings per share for investors.

The group also confirmed, for takeover code disclosure purposes, that as at the time of the announcement it had 295,709,196 ordinary shares in issue, all carrying one voting right and with none held in treasury. The detailed execution data from the London Stock Exchange highlights NCC’s active use of market buybacks as a tool of capital management, underlining a commitment to shareholder returns while maintaining transparency under U.K. market abuse and takeover regulations.

The most recent analyst rating on (GB:NCC) stock is a Hold with a £120.00 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 security and risk mitigation specialist that provides assurance, testing and managed security services to businesses and public sector clients. The company focuses on protecting critical infrastructure, data and digital assets, positioning itself as a key player in the global cyber resilience market.

Average Trading Volume: 2,086,586

Technical Sentiment Signal: Sell

Current Market Cap: £329.5M

See more data about NCC stock on TipRanks’ Stock Analysis page.