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The latest update is out from NCC Group plc ( (GB:NCC) ).
NCC Group has bought back 382,092 ordinary shares at prices between 119.20p and 120.00p under its previously announced share buyback programme. The purchases, executed via Peel Hunt at a weighted average price of 119.67p, are intended to be cancelled, reducing the company’s share count to 288,281,393.
Following the latest transactions, NCC confirms a current issued share capital of 290,118,079 ordinary shares, all carrying one voting right and none held in treasury. The move tightens the free float and may enhance earnings per share, underlining management’s ongoing capital management strategy and signalling confidence in the company’s valuation.
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 U.K.-listed cybersecurity and risk mitigation specialist that provides assurance, software escrow and verification, and managed security services to clients globally. The company focuses on protecting critical digital infrastructure and data for businesses and public sector organisations, positioning itself as a key player in the cyber resilience and threat management market.
Average Trading Volume: 2,176,704
Technical Sentiment Signal: Sell
Current Market Cap: £335.8M
Find detailed analytics on NCC stock on TipRanks’ Stock Analysis page.