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NCC Group PLC (GB:NCC)
LSE:NCC

NCC Group plc (NCC) AI Stock Analysis

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GB:NCC

NCC Group plc

(LSE:NCC)

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Neutral 54 (OpenAI - 5.2)
Rating:54Neutral
Price Target:
130.00p
▼(-9.85% Downside)
Action:ReiteratedDate:12/19/25
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.
Positive Factors
Free Cash Flow Strength
A 39.13% rise in free cash flow shows durable cash conversion even as revenue falters. Reliable cash generation supports working capital, platform investment, targeted M&A or R&D, and reduces refinancing risk, providing operational resilience over a multi-month horizon.
Conservative Leverage / Balance Sheet
A debt-to-equity of 0.11 indicates conservative leverage and low fixed financing costs. This financial flexibility enables NCC to absorb shocks, fund strategic initiatives, and competitively price bids without heavy interest burdens, supporting sustained operations and optionality.
Diversified & Recurring Revenue Mix
A mix of consulting, project work and subscription/retainer services creates recurring revenue that smooths cash flows while project work drives upside. Strategic partnerships help integrate tech and broaden solutions, aligning with long-term regulatory and security-driven demand trends.
Negative Factors
Declining Revenue and Negative EBIT
A 26.36% revenue decline combined with negative EBIT margins signals structural demand loss or competitive pressure. Reduced scale undermines operating leverage, limits reinvestment capacity and makes sustained margin recovery and growth more challenging over the coming months without strategic corrective actions.
Profitability Volatility
Fluctuating net profit margins indicate inconsistent pricing power, project mix swings or operational inefficiencies. Margin volatility complicates long-term planning, reduces predictability of free cash flow and may constrain investment in talent, product development and competitive bidding over time.
Inconsistent Return on Equity
An inconsistent ROE reflects uneven returns from deployed capital and potential capital allocation issues. This undermines confidence in management's ability to convert investments into sustainable shareholder value and makes consistent long-term value creation less certain.

NCC Group plc (NCC) vs. iShares MSCI United Kingdom ETF (EWC)

NCC Group plc Business Overview & Revenue Model

Company DescriptionNCC Group plc engages in the cyber and software resilience business in the United Kingdom, the Asian-Pacific, North America, and Europe. It operates in two segments, Assurance and Software Resilience. The company offers assessment and advisory services, which include risk management, supply chain risk, cloud and infrastructure, application and security software, mobile, managed vulnerability scanning, hardware and embedded systems, and cryptography, as well as calibrator and cyber security review solutions. It also provides detection and response services, including managed detection and response, incident response, and threat intelligence; compliance services, such as data privacy, government security, and payments; and remediation and big bounty services. In addition, the company offers training services for end-users, administrators, tech specialists, and managers. Further, it provides software resilience services, such as cloud software escrow solutions, on-premises software escrow agreements, on-premises software escrow verification, virtual and physical escrow vaults, software security testing, and software risk assessment tools. The company serves customers in various industries that include finance and professional, transport and manufacturing, public, retail, and energy and utilities, as well as technology, media, telecommunications sectors. NCC Group plc was founded in 1999 and is headquartered in Manchester, the United Kingdom.
How the Company Makes MoneyNCC Group generates revenue through multiple streams, primarily based on the provision of cybersecurity services and solutions. The company earns income from consulting fees for its cybersecurity assessments, audits, and testing services, which are often project-based or retainer agreements. Additionally, NCC offers subscription-based services, such as ongoing security monitoring and risk management solutions, providing a stable revenue source. Strategic partnerships with technology providers and participation in industry collaborations further enhance NCC's service offerings, allowing the company to integrate advanced technologies into its solutions. The growing demand for cybersecurity services driven by increasing regulatory pressures and rising cyber threats contributes significantly to NCC's revenue growth.

NCC Group plc Financial Statement Overview

Summary
NCC Group plc faces challenges in revenue growth and profitability, with a significant decline in revenue and negative EBIT margins. However, the company maintains a strong cash flow position and a stable balance sheet, with a low debt-to-equity ratio and strong cash flow management.
Income Statement
45
Neutral
NCC Group plc has experienced a significant decline in revenue, with a 26.36% decrease in the most recent year. The company has struggled with profitability, as evidenced by negative EBIT margins and fluctuating net profit margins. Despite these challenges, the company managed to achieve a positive net income in the latest period, indicating some recovery potential.
Balance Sheet
60
Neutral
The balance sheet shows a relatively low debt-to-equity ratio of 0.11, indicating conservative leverage. However, the return on equity has been inconsistent, with recent improvements. The equity ratio remains stable, suggesting a solid capital structure.
Cash Flow
70
Positive
NCC Group plc has demonstrated strong cash flow management, with a notable 39.13% growth in free cash flow. The operating cash flow to net income ratio is healthy, and the free cash flow to net income ratio indicates efficient cash conversion. These metrics highlight the company's ability to generate cash despite revenue challenges.
BreakdownTTMMay 2024May 2023May 2022May 2021May 2020
Income Statement
Total Revenue324.40M238.90M322.13M335.10M314.80M270.50M
Gross Profit123.60M68.40M112.05M109.40M112.90M90.90M
EBITDA4.60M13.90M7.58M24.50M54.60M37.00M
Net Income-24.90M17.10M-24.90M-4.60M23.00M10.00M
Balance Sheet
Total Assets433.30M343.30M433.30M501.40M576.40M432.30M
Cash, Cash Equivalents and Short-Term Investments18.00M12.50M29.80M34.10M73.20M116.50M
Total Debt87.30M22.80M102.70M113.70M158.20M67.60M
Total Liabilities198.30M136.80M198.30M223.20M283.20M166.10M
Stockholders Equity235.00M206.50M235.00M278.20M293.20M266.20M
Cash Flow
Free Cash Flow20.70M28.80M20.20M24.80M46.60M34.10M
Operating Cash Flow27.30M33.50M26.40M32.10M54.80M38.90M
Investing Cash Flow3.70M56.30M2.60M-6.30M-161.20M-4.30M
Financing Cash Flow-49.40M-90.80M-47.40M-67.30M61.80M-6.80M

NCC Group plc Technical Analysis

Technical Analysis Sentiment
Negative
Last Price144.20
Price Trends
50DMA
136.50
Negative
100DMA
141.27
Negative
200DMA
144.49
Negative
Market Momentum
MACD
-1.71
Positive
RSI
40.33
Neutral
STOCH
60.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:NCC, the sentiment is Negative. The current price of 144.2 is above the 20-day moving average (MA) of 133.02, above the 50-day MA of 136.50, and below the 200-day MA of 144.49, indicating a bearish trend. The MACD of -1.71 indicates Positive momentum. The RSI at 40.33 is Neutral, neither overbought nor oversold. The STOCH value of 60.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:NCC.

NCC Group plc Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
£566.16M19.2462.38%3.58%18.44%33.73%
70
Outperform
£465.49M56.691.56%1.73%-0.18%11.49%
65
Neutral
£322.84M52.448.06%1.04%10.93%12.30%
65
Neutral
£563.19M722.502.53%18.75%-93.75%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
54
Neutral
£376.15M23.812.16%
52
Neutral
£377.80M-3.55-23.77%5.83%-663.14%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:NCC
NCC Group plc
125.80
-4.40
-3.38%
GB:GBG
GB Group plc
199.20
-104.45
-34.40%
GB:IDOX
Idox plc
70.60
13.70
24.08%
GB:ALFA
Alfa Financial Software plc
188.80
-41.32
-17.96%
GB:ATG
Auction Technology Group PLC
306.00
-267.00
-46.60%
GB:TRST
Trustpilot Group Plc
142.50
-150.00
-51.28%

NCC Group plc Corporate Events

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
NCC Group Advances Share Buyback, Confirms Voting Share Capital
Positive
Mar 3, 2026

NCC Group plc has continued its share buyback programme, repurchasing 472,000 ordinary shares on 2 March 2026 via Investec Bank at prices between 126.80p and 131.20p, with a volume‑weighted average of 128.7881p. The company intends to cancel these shares, bringing total buybacks under the programme to 12,891,272 shares and reducing the issued share capital to 302,336,633 shares with no treasury holdings.

Separately, NCC Group confirmed under U.K. takeover rules that it currently has 305,140,485 ordinary shares in issue, all carrying one voting right, and reiterated that it holds no shares in treasury. The ongoing buyback and planned cancellations signal active capital management that is likely to enhance earnings per share and could strengthen shareholder value and the group’s market positioning in the cyber security sector.

The most recent analyst rating on (GB:NCC) stock is a Hold with a £135.00 price target. To see the full list of analyst forecasts on NCC Group plc stock, see the GB:NCC Stock Forecast page.

Business Operations and StrategyStock BuybackFinancial DisclosuresM&A Transactions
NCC Group presses ahead with Escode sale and tightens cyber security focus
Positive
Mar 3, 2026

NCC Group will proceed with the £275m sale of its Escode business to TDR Capital, a move that will refocus the company as a pure-play global cyber security and resilience provider and is expected to trigger plans for a substantial capital return once completed. The group reported continued momentum in its Cyber division, guiding to marginal revenue growth with low single-digit gains in both Escode and Cyber for FY26, and said adjusted EBITDA should meet board expectations as it pursues operational discipline, maintains an active share buyback and prepares to outline its cyber strategy at a capital markets event later this month.

The most recent analyst rating on (GB:NCC) stock is a Hold with a £135.00 price target. To see the full list of analyst forecasts on NCC Group plc stock, see the GB:NCC Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
NCC Group Tightens Share Base With Latest Buyback and Capital Update
Positive
Mar 2, 2026

NCC Group has repurchased 638,715 ordinary shares on 27 February 2026 via Investec Bank at a volume‑weighted average price of 133.42 pence, as part of its ongoing share buyback programme. The company plans to cancel these shares, bringing total repurchases under the programme to 12,419,272 shares and reducing its issued share capital to 302,808,633 shares, a move that tightens the share base and may enhance earnings per share for remaining investors.

Separately, under takeover code disclosure rules, NCC Group reported that it currently has 305,140,485 ordinary shares in issue, all carrying one voting right and none held in treasury. The update provides clarity on the company’s capital and voting-rights structure during the buyback process, giving stakeholders greater transparency over dilution, control and the evolution of its equity base.

The most recent analyst rating on (GB:NCC) stock is a Hold with a £135.00 price target. To see the full list of analyst forecasts on NCC Group plc stock, see the GB:NCC Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
NCC Group Extends Buyback, Lifting Capital Return and Shareholder Concentration
Positive
Feb 27, 2026

NCC Group has repurchased 114,907 ordinary shares at a volume-weighted average price of 133.8492 pence as part of its ongoing share buyback programme, with the shares to be cancelled. This latest transaction brings total buybacks since the programme began to 11,780,557 shares and will reduce the company’s issued share capital to 303,447,348 shares, effectively concentrating remaining shareholders’ voting power and signalling continued capital-return discipline.

In a parallel disclosure under U.K. takeover rules, NCC Group confirmed it currently has 305,140,485 ordinary shares in issue, each carrying one vote, and provided the relevant identifiers for its stock. The detailed trading data released alongside the announcement under market abuse regulations underscores regulatory transparency around the buyback activity on the London Stock Exchange.

The most recent analyst rating on (GB:NCC) stock is a Hold with a £135.00 price target. To see the full list of analyst forecasts on NCC Group plc stock, see the GB:NCC Stock Forecast page.

Business Operations and StrategyStock Buyback
NCC Group Continues Share Buyback, Tightening Share Capital
Positive
Feb 26, 2026

NCC Group has continued its share buyback programme, repurchasing 426,862 ordinary shares on 25 February at a volume-weighted average price of 130.47 pence and intends to cancel these shares. Including this tranche, the company has bought back 11,665,650 shares since the programme began, and following cancellation its issued share capital will fall to 303,562,255 shares, a move that marginally increases existing shareholders’ ownership stakes.

The group also confirmed for takeover code disclosure purposes that it currently has 305,140,485 ordinary shares in issue, all carrying one voting right, and holds no treasury shares. The reductions in share count under the ongoing buyback signal continued efforts to optimise capital structure and may support earnings per share and share price performance over time, although the announcement does not alter the company’s operational outlook.

The most recent analyst rating on (GB:NCC) stock is a Hold with a £135.00 price target. To see the full list of analyst forecasts on NCC Group plc stock, see the GB:NCC Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
NCC Group Expands Share Buyback and Updates Voting Rights Count
Positive
Feb 25, 2026

NCC Group has repurchased 348,713 ordinary shares at a volume-weighted average price of 129.724 pence per share via Investec Bank as part of its ongoing buyback programme, and intends to cancel these shares. This latest tranche brings total repurchases under the programme to 11,238,788 shares, and will leave the company with an issued share capital of 303,989,117 shares and no treasury holdings, modestly enhancing earnings per share and voting concentration for remaining investors.

Separately, in line with U.K. takeover rules, NCC Group confirmed it currently has 305,140,485 ordinary shares in issue, each carrying one voting right, providing the market with an updated baseline of total voting rights. The disclosure, which includes the company’s ISIN and LEI identifiers, supports transparency for shareholders and potential corporate activity by clarifying the share count used for regulatory and takeover-related calculations.

The most recent analyst rating on (GB:NCC) stock is a Hold with a £134.00 price target. To see the full list of analyst forecasts on NCC Group plc stock, see the GB:NCC Stock Forecast page.

Stock Buyback
NCC Group Advances Share Buyback, Cancels Further Stock
Positive
Feb 24, 2026

NCC Group has repurchased 799,501 ordinary shares on 23 February 2026 via Investec Bank at prices ranging between 124.40p and 130.00p, with a volume-weighted average price of 126.4388p, and plans to cancel these shares as part of its ongoing buyback programme. Including this latest tranche, the company has bought back 10,890,075 shares since the programme began, reducing its issued share capital to 304,337,830 shares, a move that tightens the free float and is likely to be viewed as capital-return supportive for existing shareholders.

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.

Stock BuybackRegulatory Filings and Compliance
NCC Group Continues Share Buyback With New 221,205-Share Repurchase
Positive
Feb 23, 2026

NCC Group has repurchased 221,205 ordinary shares on 20 February 2026 via Investec Bank at prices between 131.40p and 134.40p, with a volume-weighted average price of 132.9190p, and intends to cancel these shares as part of its ongoing buyback programme. Including this latest tranche, the company has bought back 10,090,574 shares in total, and confirms an issued share capital of roughly 306.9 million voting shares, signalling continued capital management efforts that modestly reduce share count and may enhance value for remaining shareholders.

In a separate disclosure under U.K. takeover rules, NCC Group reiterated that each ordinary share carries one voting right and that it holds no treasury shares, clarifying the current total voting rights for investors and any potential corporate action. Detailed trade data released for the London Stock Exchange transactions underline regulatory transparency around the programme and provide market participants with precise execution information on the buyback activity.

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.

Business Operations and StrategyStock Buyback
NCC Group Continues Share Buyback, Tightening Share Count
Positive
Feb 20, 2026

NCC Group has bought back 500,000 ordinary shares at a volume-weighted average price of about 133.1 pence per share as part of its ongoing share repurchase programme, and intends to cancel these shares. Including this latest tranche, the company has repurchased 9,869,369 shares since the programme began, leaving issued share capital at roughly 305.4 million shares and modestly enhancing the ownership stake of remaining shareholders.

The group also confirmed, for takeover code and disclosure purposes, that it currently has just over 306.9 million ordinary shares in issue, all carrying one voting right and none held in treasury. The detailed trade breakdown and updated share count underline NCC Group’s active capital management strategy, which can support earnings per share over time and may signal confidence in the company’s valuation to the market.

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.

Business Operations and Strategy
NCC Group to Showcase Cyber Growth Strategy at March Capital Markets Event
Positive
Feb 20, 2026

NCC Group plc, a global cyber security and software escrow specialist, operates across Europe, North America, and Asia Pacific, providing cyber resilience solutions for public and private sector organisations. Leveraging a workforce of about 2,000 professionals, it aims to deliver sustainable, tech-enabled security services that respond to evolving digital threats.

The company will host a Capital Markets Event dedicated to its Cyber business for institutional investors and sell-side analysts on 13 March 2026 in Manchester, with in-person attendance and a live webcast. Led by CEO Mike Maddison and CFO Guy Ellis, the session will detail the Cyber unit’s proposition and growth strategy, signalling an effort to deepen investor understanding of its core business and underscore the strategic importance of cyber security to NCC Group’s future trajectory.

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.

Business Operations and Strategy
NCC Group executives add shares under UK incentive plan
Positive
Feb 19, 2026

NCC Group plc has disclosed a series of routine share purchases by senior executives under its UK Share Incentive Plan, reinforcing management’s direct equity participation in the business. Chief executive Mike Maddison, chief financial officer Guy Ellis, chief marketing officer Angela Brown and Escode managing director Jayesh Patel all acquired small volumes of ordinary shares at a price of £1.3293 on 17 February 2026.

The transactions, executed on the London Stock Exchange, are classified as dealings by persons discharging managerial responsibilities and form part of the company’s regular employee share ownership arrangements. While modest in size, the coordinated purchases highlight ongoing alignment between NCC Group’s leadership and shareholders through continued investment in the company’s equity.

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.

Stock BuybackRegulatory Filings and Compliance
NCC Group Advances Buyback, Tightens Share Capital and Voting Base
Positive
Feb 19, 2026

NCC Group plc has continued its share buyback programme, repurchasing 199,346 ordinary shares on 18 February 2026 via Investec Bank at a volume-weighted average price of 135.5212 pence, with the intention to cancel these shares. This latest tranche takes total repurchases under the programme to 9,369,369 shares, reducing the issued share capital to 305,858,536 shares after cancellation, a move that tightens the free float and may enhance earnings per share and capital efficiency for investors.

Separately, under takeover code disclosure rules, NCC Group reported that at the time of the announcement it had 306,919,665 ordinary shares in issue, all carrying one voting right, and confirmed it holds no shares in treasury. The detailed transaction schedule and confirmation of voting rights underscore the company’s regulatory compliance and provide transparency to shareholders and potential bidders about its evolving capital structure.

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.

Stock BuybackRegulatory Filings and Compliance
NCC Group Advances Share Buyback and Updates Share Capital Structure
Positive
Feb 18, 2026

NCC Group has continued its share buyback programme, purchasing 158,629 ordinary shares on 17 February 2026 at prices between 132.60p and 136.00p, with a volume-weighted average price of 133.9122p. The company intends to cancel these shares, bringing total repurchases under the programme to 9,170,023 shares and reducing the issued share capital to 306,057,882 shares, a move that marginally enhances earnings per share and signals ongoing capital management discipline for investors.

Separately, in line with UK takeover regulations, NCC Group confirmed it currently has 310,295,175 ordinary shares in issue, all carrying one voting right and with no treasury shares held. The disclosure, which includes the ISIN and LEI identifiers, underlines transparency around the company’s capital structure and ensures accurate share and voting-rights information for shareholders and potential bidders.

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.

Stock BuybackRegulatory Filings and Compliance
NCC Group Tightens Share Base with Latest Buyback and Cancellation
Positive
Feb 17, 2026

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.

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
NCC Group advances buyback as it refines capital and voting structure
Positive
Feb 16, 2026

NCC Group has continued its share buyback programme by repurchasing 579,167 ordinary shares on 13 February 2026 at a volume-weighted average price of 134.4721 pence, with the shares to be cancelled, reducing the share count and potentially enhancing earnings per share. The company has now bought back a total of 8,311,394 shares under the programme, and once these latest purchases are cancelled its issued share capital will fall to 306,916,511 shares, a move that also updates the baseline for shareholder voting rights disclosures under UK transparency and takeover rules.

Separately, in line with takeover regulations, NCC Group confirmed that at the time of the announcement it had 310,295,175 ordinary shares in issue, all carrying one vote each and with no treasury shares held, providing clarity to investors and regulators on the current capital and voting structure. The disclosure, which includes the ISIN and legal entity identifier, underlines NCC Group’s compliance with market abuse and disclosure frameworks while it actively manages its capital structure via the ongoing buyback.

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.

Stock BuybackRegulatory Filings and Compliance
NCC Group Advances Share Buyback, Updates Voting Rights Count
Positive
Feb 13, 2026

NCC Group plc has continued its share buyback programme, repurchasing 645,517 ordinary shares on 12 February 2026 at a volume‑weighted average price of 134.2940 pence and intends to cancel these shares. Including this latest transaction, the company has bought back 7,732,227 shares under the programme, with issued share capital to fall to 307,495,678 shares and voting rights aligning with this reduced total, marginally enhancing remaining shareholders’ ownership stakes.

Separately, under takeover code disclosure rules, NCC Group confirmed that at the time of the announcement it had 310,295,175 ordinary shares in issue, all carrying one vote each, and reiterated its identifiers for the stock. The ongoing buyback and clarifications on voting rights signal active capital management and provide investors with updated figures for regulatory disclosures and potential changes in control considerations.

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.

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
NCC Group presses ahead with buyback, trims share count and voting rights
Positive
Feb 12, 2026

NCC Group has continued its share buyback programme, purchasing 667,952 ordinary shares on 11 February 2026 at a volume‑weighted average price of 135.43 pence through Investec Bank, with the stated intention of cancelling the shares. Including these transactions, the company has bought back 7,086,710 shares to date, and after cancellation expects its issued share capital and total voting rights to fall to 308,141,195 shares, a move that will marginally enhance earnings per share and alter ownership calculations for investors under U.K. disclosure rules.

Separately, under takeover code disclosure requirements, NCC Group confirmed that at the time of the announcement it had 313,630,794 ordinary shares in issue, all carrying one vote each and none held in treasury. The update, which also specifies the ISIN and legal entity identifier, underlines the company’s effort to maintain transparent capital markets communication as it actively adjusts its capital structure via the ongoing buyback.

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.

Stock BuybackRegulatory Filings and Compliance
NCC Group Continues Buyback With Further Share Purchases for Cancellation
Positive
Feb 11, 2026

NCC Group has continued its share buyback programme, repurchasing 660,983 ordinary shares at a volume-weighted average price of 136.0321 pence on 10 February 2026, with the intention of cancelling them. Including these latest purchases, the company has bought back 6,418,758 shares since the programme began, aiming to reduce its share count and potentially enhance earnings per share for investors.

Following the cancellation of the newly repurchased shares, NCC Group’s issued share capital will fall to 308,809,147 shares, all carrying voting rights and with none held in treasury. The company has also confirmed, for UK takeover and disclosure rule purposes, the current total voting rights and identifiers for its ordinary shares, providing clarity for shareholders tracking their notifiable interests.

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.

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
NCC Group tightens share base with latest buyback tranche
Positive
Feb 10, 2026

NCC Group has continued its share buyback programme, repurchasing 825,045 ordinary shares on 9 February at a volume-weighted average price of 134.1758 pence through Investec Bank, with the company intending to cancel these shares. Including this latest tranche, NCC has bought back 5,757,775 shares, and after cancellation its issued share capital will fall to 309,470,130 shares, reducing the total voting rights and marginally enhancing remaining shareholders’ ownership stakes while also confirming 313,630,794 shares currently in issue under takeover code disclosure rules.

The announcement details the aggregate and transaction-level data for the buyback trades conducted on the London Stock Exchange, underlining regulatory compliance with U.K. market abuse and takeover regulations. The reduction in share count is part of NCC Group’s ongoing capital management strategy, signalling confidence in its valuation and tightening the free float, which may support earnings per share and influence investor perceptions of the company’s financial discipline.

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.

Regulatory Filings and Compliance
NCC Group CFO Exercises Share Award and Sells Stock to Cover Tax
Neutral
Feb 9, 2026

NCC Group plc has disclosed a director dealing involving its Chief Financial Officer, Guy Ellis, in line with regulatory requirements for persons discharging managerial responsibilities. The transaction relates to the exercise of a Restricted Share Plan (RSP) award over ordinary shares, followed by a sale of a portion of those shares on the London Stock Exchange to meet associated tax and National Insurance liabilities, with the remaining shares retained, indicating routine remuneration-related activity rather than a change in strategic positioning.

Ellis exercised rights over 9,450 ordinary shares of 1 pence each at nil cost and subsequently sold 4,468 shares at a price of £1.352366 per share on 5 February 2026, with the balance kept as an ongoing equity interest. The disclosure underscores NCC Group’s adherence to market transparency rules around senior executive share transactions and informs shareholders of the CFO’s updated equity exposure in the company.

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.

Stock BuybackRegulatory Filings and Compliance
NCC Group Advances Share Buyback, Clarifies Share Capital and Voting Rights
Neutral
Feb 9, 2026

NCC Group plc has continued to execute its share buyback programme, repurchasing 438,167 ordinary shares at a volume‑weighted average price of 133.3191 pence on 6 February 2026 via Investec Bank and stating its intention to cancel these shares. Including this tranche, the company has bought back 4,932,730 shares since the programme began, with issued share capital to fall to 310,295,175 shares and voting rights aligned, while it also confirmed, under takeover rules, a current issued total of 313,630,794 ordinary shares carrying one vote each, information that will guide investors’ disclosure obligations and clarify NCC’s capital structure during any potential corporate activity.

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.

Stock BuybackRegulatory Filings and Compliance
NCC Group Advances Share Buyback, Plans Cancellation of 800,962 Shares
Positive
Feb 6, 2026

NCC Group plc has continued its share buyback programme with the repurchase of 800,962 ordinary shares on 5 February 2026 at a volume-weighted average price of 134.1723 pence, with prices ranging between 132.20 pence and 135.20 pence. The company intends to cancel these shares, bringing total repurchases under the programme to 4,494,563 shares and reducing its issued share capital to 310,733,342 shares once cancellation is completed, thereby lowering the total number of voting rights and slightly increasing existing shareholders’ proportional ownership. Separately, under takeover disclosure rules, NCC Group confirmed that at the time of the announcement it had 313,630,794 ordinary shares in issue, highlighting the ongoing impact of the buyback activity on its capital structure and the relevant denominator for regulatory disclosure thresholds.

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.

Stock BuybackRegulatory Filings and Compliance
NCC Group Advances Share Buyback, Set to Reduce Share Capital
Positive
Feb 5, 2026

NCC Group plc has continued its share buyback programme, purchasing 702,406 ordinary shares on 4 February 2026 at prices between 133.20p and 135.60p per share, with a volume-weighted average price of 134.0740p, through Investec Bank. The company intends to cancel these shares, bringing total repurchases under the current programme to 3,693,601 shares and reducing its issued share capital to 311,534,304 shares, a move that will slightly increase existing shareholders’ proportional ownership and may signal management’s confidence in the company’s valuation; NCC also confirmed, under takeover code disclosure requirements, its current issued share count and voting rights position for regulatory and investor transparency purposes.

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.

Stock Buyback
NCC Group Continues Share Buyback, Plans Cancellation of Nearly 800,000 Shares
Positive
Feb 4, 2026

NCC Group has repurchased 797,018 ordinary shares on 3 February 2026 via Investec Bank at prices between 136.00p and 141.60p, with a volume‑weighted average price of 139.4002p, as part of its ongoing share buyback programme. The company intends to cancel these shares, bringing total buybacks under the current programme to 2,991,195 shares and reducing the issued share capital to 312,236,710 shares and voting rights once cancellation is completed, a move that will marginally enhance earnings per share and alter shareholdings’ relative stakes while NCC also confirms, under takeover rules, a current issued capital of 315,227,905 shares pending completion of cancellations.

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.

Regulatory Filings and Compliance
NCC Group CEO Exercises Deferred Bonus Shares and Sells Portion to Cover Tax
Neutral
Feb 3, 2026

NCC Group plc has disclosed a director shareholding transaction involving its Chief Executive Officer, Mike Maddison, in line with regulatory requirements for persons discharging managerial responsibilities. Maddison exercised awards under the company’s 2023-2025 Deferred Annual Bonus Scheme, receiving 12,207 ordinary shares of 1 pence each, and subsequently sold 5,759 shares on the London Stock Exchange at £1.39872 per share to cover tax and National Insurance liabilities, retaining the remaining shares. The transaction, conducted on 2 February 2026, signals routine remuneration-related dealing by senior management rather than a strategic change in the company’s operations or outlook, but remains relevant to investors monitoring insider dealings and executive alignment with shareholders.

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.

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
NCC Group Advances Share Buyback, Updates Voting Share Capital
Positive
Feb 3, 2026

NCC Group has continued executing its share buyback programme, repurchasing 597,066 ordinary shares on 2 February 2026 at a volume-weighted average price of 140.1501 pence per share through Investec Bank and intends to cancel these shares. Including this latest tranche, the company has bought back a total of 2,194,177 shares since the start of the programme, with its issued share capital expected to fall to 313,033,728 shares and the same number of voting rights once cancellation is completed, while a concurrent disclosure under UK takeover rules confirms 315,227,905 voting shares currently in issue, providing investors with updated figures for regulatory notifications and signalling ongoing capital management efforts.

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.

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
NCC Group Expands Share Buyback, Plans Cancellation of Newly Repurchased Shares
Positive
Feb 2, 2026

NCC Group plc has continued its share buyback programme, purchasing 201,150 ordinary shares on 30 January 2026 through Investec Bank at a volume-weighted average price of 140.42 pence per share, with the shares to be cancelled. This takes total repurchases under the programme to 1,597,111 shares and will reduce the company’s issued share capital to 313,630,794 shares and voting rights once cancellations are completed, a move that modestly enhances earnings per share and adjusts the free float while clarifying the current voting-rights base for investors under UK disclosure rules.

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.

Executive/Board Changes
NCC Group Executives Exercise Share Awards and Sell Portion to Cover Tax Liabilities
Neutral
Jan 30, 2026

NCC Group plc has disclosed transactions by senior executives involving the exercise of share-based incentives and the sale of a portion of those shares to meet tax obligations. Chief executive officer Mike Maddison exercised awards under the 2022–2025 long-term incentive plan over 87,281 ordinary shares at no cost, then sold 41,168 shares at £1.419 per share to cover tax and National Insurance liabilities, retaining the balance. Chief marketing officer Angela Brown exercised 8,223 shares under the 2023–2026 restricted share plan, also at no cost, and sold 3,890 shares at £1.419 per share for the same tax-related reasons, with the remaining shares retained. The transactions, conducted on 29 January 2026 on the London Stock Exchange, highlight ongoing alignment of executive remuneration with shareholder interests through equity-based incentives, while resulting in modest changes to the executives’ personal shareholdings rather than indicating any shift in corporate strategy.

The most recent analyst rating on (GB:NCC) stock is a Hold with a £150.00 price target. To see the full list of analyst forecasts on NCC Group plc stock, see the GB:NCC Stock Forecast page.

Business Operations and StrategyStock Buyback
NCC Group Continues Share Buyback, Plans Cancellation of Newly Repurchased Stock
Positive
Jan 30, 2026

NCC Group plc has continued its share buyback programme, purchasing 396,465 ordinary shares on 29 January 2026 through Investec Bank at a volume-weighted average price of 141.0497 pence per share, with prices ranging between 140.00 and 143.40 pence. The company intends to cancel these shares, bringing total repurchases under the programme to 1,395,961 shares and reducing its issued share capital to 313,831,944 shares once cancellation is completed, a move that will marginally increase earnings per share and alter voting rights calculations for investors under UK disclosure rules.

The most recent analyst rating on (GB:NCC) stock is a Hold with a £150.00 price target. To see the full list of analyst forecasts on NCC Group plc stock, see the GB:NCC Stock Forecast page.

Stock BuybackFinancial DisclosuresRegulatory Filings and Compliance
NCC Group Advances Share Buyback, Tightens Share Capital Base
Positive
Jan 29, 2026

NCC Group plc has continued its share buyback programme, purchasing 192,328 ordinary shares on 28 January 2026 via Investec Bank at a volume-weighted average price of 139.8209 pence per share, with the shares to be cancelled. This latest tranche brings total repurchases under the current programme to 999,496 shares and will reduce the company’s issued share capital to 314,228,409 shares once cancelled, marginally enhancing earnings per share and consolidating existing shareholders’ voting interests, while also updating the market on the current total voting rights in line with UK takeover and transparency rules.

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.

Business Operations and StrategyExecutive/Board Changes
NCC Group Grants Long-Term Share Awards to Senior Management
Positive
Jan 28, 2026

NCC Group plc has granted new share-based incentives to several senior executives, including CEO Mike Maddison, CFO Guy Ellis, CMO Angela Brown, CCO Peter Vorley and Chief People Officer Michelle Van de Velde, in the form of awards under its 2025–2028 and 2024–2027 Long Term Incentive Plans (LTIPs), Deferred Annual Bonus Scheme and Restricted Share Plan. The awards, all over ordinary shares of 1 pence each and granted for nil consideration, are structured with multi-year performance and deferral periods extending to 2028 and 2029, aligning leadership remuneration more closely with long-term performance and retention, and signalling the group’s continued use of equity-based incentives to lock in key talent and support its strategic objectives.

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.

Stock BuybackFinancial DisclosuresRegulatory Filings and Compliance
NCC Group Continues Share Buyback, Plans Cancellation of Repurchased Stock
Positive
Jan 28, 2026

NCC Group has continued its ongoing share buyback programme, repurchasing 353,269 ordinary shares on 27 January 2026 at a volume‑weighted average price of 139.9053 pence through Investec Bank, with the stated intention to cancel these shares. Including this latest tranche, the company has acquired 807,168 shares since the start of the programme, and, following cancellation, its issued share capital and total voting rights will be reduced to 314,420,737 shares, a move that marginally enhances earnings per share and tightens the free float, with implications for shareholder voting calculations under UK disclosure rules.

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.

Regulatory Filings and Compliance
NCC Group Directors and Related Party Increase Holdings in Company Shares
Positive
Jan 27, 2026

NCC Group plc has disclosed several share purchases by its board members and related parties, as required under market regulations governing transactions by persons discharging managerial responsibilities. Lisa Stone, a person closely associated with non-executive chair Chris Stone, purchased 81,656 ordinary shares, while independent non-executive directors Jennifer Duvalier and Mike Ettling acquired 35,816 and 36,390 ordinary shares respectively, all on the London Stock Exchange over 23–26 January 2026 at prices around 140 pence. These insider purchases increase the equity exposure of key board figures and may be read by investors as a signal of confidence in the company’s prospects and alignment of directors’ interests with those of shareholders.

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.

Stock BuybackRegulatory Filings and Compliance
NCC Group Continues Buyback, Plans Cancellation of Newly Repurchased Shares
Neutral
Jan 27, 2026

NCC Group plc has continued its share buyback programme, repurchasing 184,564 ordinary shares on 26 January 2026 via Investec Bank at prices between 138.80p and 141.20p, with a volume-weighted average price of 139.8487p. The company intends to cancel these shares, bringing total purchases under the current programme to 453,899 shares and reducing the issued share capital to 314,774,006 shares once cancellation is completed, with no treasury shares held; alongside this, NCC confirmed under takeover rules that it currently has 315,227,905 ordinary shares in issue, clarifying the total number of voting rights for investors monitoring disclosure thresholds.

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.

Business Operations and StrategyStock Buyback
NCC Group Advances Buyback Programme With Cancellation of 269,335 Shares
Positive
Jan 26, 2026

NCC Group has continued its share buyback programme, purchasing 269,335 ordinary shares on 23 January 2026 via Investec Bank at prices ranging between 134.00p and 139.60p, with a volume-weighted average price of 137.8338p. The company intends to cancel these shares, which will reduce its issued share capital to 314,958,570 ordinary shares and the same number of voting rights, a move that marginally concentrates ownership and may enhance earnings per share for existing investors while signalling management’s confidence and active capital management to the market.

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.

Business Operations and StrategyStock Buyback
NCC Group Eases Daily Limits on £70m Share Buyback Programme
Positive
Jan 26, 2026

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.

Executive/Board Changes
NCC Group Director Lynn Fordham Joins Board of Czechoslovak Group
Neutral
Jan 23, 2026

NCC Group plc has announced that independent non-executive director Lynn Fordham has taken on an additional role as a non-executive director at Czechoslovak Group, effective 23 January 2026. The cross-appointment broadens Fordham’s external board responsibilities and may enhance NCC Group’s access to wider industrial and governance perspectives through her expanded portfolio, though the company has not indicated any direct change to its own operations or strategic direction as a result of this move.

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.

Business Operations and StrategyStock BuybackM&A Transactions
NCC Group Sells Escode to TDR Capital and Sharpens Focus on Core Cyber Security Business
Positive
Jan 21, 2026

NCC Group has agreed to sell its Escode software escrow and verification business to funds managed by TDR Capital for an enterprise value of £275m, with expected net cash proceeds of about £262.4m before roughly £10m of transaction costs. The divestment, which follows earlier disposals of Fox-IT DetACT and Fox-IT Crypto and brings total non-core sale proceeds to around £349m at a combined EBITDA multiple of 9.8x, will complete the group’s exit from non-core activities and sharpen its focus on its core cyber security and resilience operations. NCC plans to return a significant portion of the Escode sale proceeds to shareholders, while retaining the remainder for general corporate purposes and potential M&A, alongside a previously announced and now-launched share buyback programme of up to 10% of its share capital. Management highlighted that the core Cyber business has delivered two consecutive quarters of revenue growth on a constant currency basis and is being repositioned towards technology-led, recurring services, with the transaction expected to support further investment, strengthen the balance sheet and underpin the company’s strategy to build a scalable, global pure-play cyber security platform.

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.

Business Operations and StrategyStock Buyback
NCC Group Launches £70m Share Buyback Following Escode Disposal
Positive
Jan 21, 2026

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.

Business Operations and Strategy
NCC Group Executives Add Shares Through UK Incentive Plan
Positive
Jan 20, 2026

NCC Group plc has disclosed that several senior executives, including Chief Executive Officer Mike Maddison, Chief Financial Officer Guy Ellis, Chief Marketing Officer Angela Brown and Jayesh Patel, Managing Director of Escode, have each made monthly purchases of the company’s ordinary shares under its UK Share Incentive Plan. The trades, executed on 19 January 2026 on the London Stock Exchange at a price of £1.386 per share, involved relatively small volumes but signal ongoing executive participation in the group’s all-employee share plan, modestly increasing insider ownership and aligning management’s interests more closely with those of shareholders.

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.

Regulatory Filings and Compliance
NCC Group Confirms Total Voting Rights at 315.2 Million Shares
Neutral
Dec 31, 2025

NCC Group plc has confirmed that its issued ordinary share capital now comprises 315,227,905 ordinary shares of 1 pence each, all carrying voting rights. The updated figure, published in line with UK disclosure and transparency requirements, provides the official denominator for investors to calculate whether they must report holdings or changes in holdings, ensuring continued regulatory compliance and transparency for shareholders and the market.

The most recent analyst rating on (GB:NCC) stock is a Hold with a £147.00 price target. To see the full list of analyst forecasts on NCC Group plc stock, see the GB:NCC Stock Forecast page.

Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
NCC Group Publishes 2025 Annual Report and Sets Date for 2026 AGM
Neutral
Dec 23, 2025

NCC Group plc has published its Annual Report and Accounts for the year ended 30 September 2025 and the Notice of its 2026 Annual General Meeting, making both documents available to shareholders via post or online and through the National Storage Mechanism. The AGM is scheduled for 1:00 p.m. on 3 March 2026 at the company’s Manchester headquarters, providing investors with a formal opportunity to review the latest financial year’s performance and governance disclosures, and to vote on resolutions that will shape the Group’s strategic direction in the competitive global cyber security market.

The most recent analyst rating on (GB:NCC) stock is a Hold with a £147.00 price target. To see the full list of analyst forecasts on NCC Group plc stock, see the GB:NCC Stock Forecast page.

Other
NCC Group Executives Add Shares Through UK Incentive Plan
Positive
Dec 19, 2025

NCC Group has disclosed that several senior executives, including Chief Executive Officer Mike Maddison, Chief Financial Officer Guy Ellis, Chief Marketing Officer Angela Brown and Jayesh Patel, Managing Director of Escode, have all purchased small amounts of NCC Group ordinary shares under the company’s UK Share Incentive Plan. The transactions, executed on 17 December 2025 on the London Stock Exchange at a price of £1.3893 per share, indicate ongoing management participation in the share scheme, modestly aligning leadership interests with those of shareholders and reaffirming internal confidence in the business through regular share accumulation rather than any one-off strategic move.

The most recent analyst rating on (GB:NCC) stock is a Hold with a £153.00 price target. To see the full list of analyst forecasts on NCC Group plc stock, see the GB:NCC Stock Forecast page.

Business Operations and StrategyFinancial DisclosuresM&A Transactions
NCC Group Reports Strategic Progress and Return to Growth
Positive
Dec 11, 2025

NCC Group plc reported its preliminary audited results for the year ending 30 September 2025, highlighting strategic progress and a return to profitable growth. The company experienced a slight decline in overall revenue but saw consistent growth in its Escode business and a return to growth in its Cyber Security division in the latter half of the year. The sale of Fox Crypto has strengthened the balance sheet, eliminating net debt and allowing for strategic investments and potential shareholder returns. The company is exploring strategic options for its Escode business, which could include a sale, and continues to review its Cyber Security operations independently. Despite a challenging macro environment, NCC Group remains confident in its strategy to achieve sustainable growth and long-term success.

The most recent analyst rating on (GB:NCC) stock is a Hold with a £153.00 price target. To see the full list of analyst forecasts on NCC Group plc stock, see the GB:NCC Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 19, 2025