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NCC Group plc ( (GB:NCC) ) just unveiled an announcement.
NCC Group plc has repurchased 381,205 of its own ordinary shares at a volume-weighted average price of 117.70 pence per share under its ongoing buyback programme, and intends to cancel these shares, reducing its share capital. Following cancellation, the company will have 288,663,485 ordinary shares in issue, a move that marginally increases existing shareholders’ proportional ownership and may signal confidence in the company’s valuation.
Separately, NCC confirmed it currently has 290,118,079 ordinary shares in issue, all carrying one voting right, and none held in treasury, clarifying the total voting rights for investors under takeover and disclosure rules. The detailed transaction data, executed through Peel Hunt on the London Stock Exchange, underlines the company’s adherence to market abuse and takeover regulations while executing its capital management strategy.
The most recent analyst rating on (GB:NCC) stock is a Hold with a £124.00 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 cybersecurity and risk mitigation specialist focused on helping organisations secure their critical digital assets. The company provides services such as cyber security testing, assurance, and advisory work for clients across regulated and technology-driven sectors, where robust protection of data and systems is a key requirement.
Average Trading Volume: 2,150,047
Technical Sentiment Signal: Sell
Current Market Cap: £335.8M
For an in-depth examination of NCC stock, go to TipRanks’ Overview page.