NCC Group (LON:NCC) to Repurchase 0 Stock

Key Points

• NCC Group announced a stock repurchase program authorizing open-market purchases, although the stated authorization is for 0 shares.
• NCC shares traded down 0.41 pence to 139.99 pence, with a market capitalization of approximately £386.6 million. The stock has traded between 107.20 pence and 161.60 pence over the past year.
• Analysts maintain a “Moderate Buy” consensus, with a 162.50-pence price target; Deutsche Bank reiterated its “Hold” rating with a 150-pence target.

NCC Group (LON:NCC - Get Free Report) announced that its board has initiated a stock repurchase program on Monday, September 7th, RTT News reports. The company plans to buyback 0 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is undervalued.

NCC Group Stock Performance

NCC stock traded down GBX 0.41 during trading hours on Monday, reaching GBX 139.99. The stock had a trading volume of 1,681,929 shares, compared to its average volume of 4,366,935. The stock has a 50-day simple moving average of GBX 140.05 and a 200 day simple moving average of GBX 132.79. NCC Group has a fifty-two week low of GBX 107.20 and a fifty-two week high of GBX 161.60. The stock has a market capitalization of £386.58 million, a PE ratio of 46.66 and a beta of 0.66. The company has a debt-to-equity ratio of 34.83, a current ratio of 1.90 and a quick ratio of 0.97.

NCC Group (LON:NCC - Get Free Report) last issued its earnings results on Thursday, June 11th. The company reported GBX 4.50 earnings per share (EPS) for the quarter. The company had revenue of £118.40 million for the quarter. NCC Group had a net margin of 4.54% and a return on equity of 4.85%. Analysts predict that NCC Group will post 6.744373 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a GBX 150 price target on shares of NCC Group in a research report on Friday, June 26th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 162.50.

NCC Group Company Profile

NCC Group is a people-powered, tech-enabled global cyber security and software escrow business. Driven by a collective purpose to create a more secure digital future, c. 2,000 colleagues across Europe, North America, and Asia Pacific harness their collective insight, intelligence, and innovation to deliver cyber resilience solutions for both public and private sector clients globally. With decades of experience and a rich heritage, NCC Group is committed to developing sustainable solutions that continue to meet client's current and future cyber security challenges.

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