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NCC Group Launches £70m Share Buyback Following Escode Disposal

Story Highlights
  • NCC Group is initiating a share buyback of up to £70 million or 31 million shares.
  • The buyback aims to reduce share capital and return cash, underscoring board confidence in NCC’s prospects.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
NCC Group Launches £70m Share Buyback Following Escode Disposal

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

NCC Group has launched a share buyback programme of up to £70 million or a maximum of 31 million shares following the disposal of its Escode business, with purchases to begin shortly and run until 31 January 2027, subject to renewal of repurchase authorities at its 2026 AGM. Executed by Investec and Peel Hunt as independent riskless principals on the London Stock Exchange, the buyback is intended to reduce share capital and return cash to shareholders, signalling the board’s confidence in the group’s prospects and balance sheet strength, although the company cautions there is no guarantee the programme will be completed in full.

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 specialist, providing cyber resilience solutions to public and private sector clients across Europe, North America and Asia-Pacific. With around 2,000 employees, the company focuses on securing digital operations and addressing current and emerging cyber security challenges for its customers.

Average Trading Volume: 1,068,555

Technical Sentiment Signal: Strong Sell

Current Market Cap: £420.2M

For an in-depth examination of NCC stock, go to TipRanks’ Overview page.

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