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NCC Group plc ( (GB:NCC) ) has issued an announcement.
NCC Group has bought back 700,000 ordinary shares at a volume-weighted average price of 133.51 pence via Investec Bank, and intends to cancel them as part of its ongoing share repurchase programme. The latest transaction brings total buybacks since the programme began to 9,011,394 shares, signalling continued capital return to shareholders and a tighter share base once cancellations are completed.
Following this batch of purchases and planned cancellations, NCC Group’s issued share capital will fall to 306,216,511 shares, all carrying voting rights, with no treasury shares held. Separately, under takeover code disclosure rules, the company confirmed that at the time of the announcement it had 310,295,175 voting shares in issue, clarifying the denominator investors should use when assessing notifiable holdings under FCA transparency requirements.
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 U.K.-listed cyber and software resilience specialist providing assurance, security testing and related services to corporate and public-sector clients. The group focuses on helping organisations manage cyber risk, protect critical infrastructure and ensure continuity of digital operations in an increasingly regulated, security-conscious market.
Average Trading Volume: 1,575,374
Technical Sentiment Signal: Sell
Current Market Cap: £400.1M
For a thorough assessment of NCC stock, go to TipRanks’ Stock Analysis page.