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An announcement from NCC Group plc ( (GB:NCC) ) is now available.
NCC Group plc has amended the terms of its existing share buyback programme, maintaining the overall cap of up to £70 million or 31 million ordinary shares but allowing daily purchases to exceed 25 per cent and remain below 50 per cent of the average daily trading volume. This adjustment increases the company’s flexibility to repurchase shares more aggressively on certain trading days, potentially accelerating capital returns to shareholders, although it means the company may not qualify for a customary market abuse regulation exemption on days when the higher threshold is used; NCC Group confirmed there are no other changes to the programme and that it currently holds no unpublished inside information.
The most recent analyst rating on (GB:NCC) stock is a Hold with a £149.00 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 GB:NCC Stock
According to Spark, TipRanks’ AI Analyst, GB: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 GB:NCC stock, click here.
More about NCC Group plc
NCC Group plc is a global cyber security and software escrow company, providing cyber resilience solutions to public and private sector clients across Europe, North America and Asia Pacific. With around 2,000 employees, the Group focuses on protecting digital assets and developing sustainable solutions to address current and emerging cyber security challenges worldwide.
Average Trading Volume: 1,218,151
Technical Sentiment Signal: Strong Sell
Current Market Cap: £425.1M
For detailed information about NCC stock, go to TipRanks’ Stock Analysis page.