Mike Maddison Acquires 125 Shares of NCC Group (LON:NCC) Stock

Key Points

• Insider buying: NCC Group director Mike Maddison purchased 125 shares at GBX 132 each, worth approximately £165. This follows similar purchases in July and August.
• Share performance: NCC shares fell 1.5% to GBX 131 during Friday trading, with volume significantly above its average. The stock has traded between GBX 107.20 and GBX 161.60 over the past year.
• Analyst view: Deutsche Bank maintained a “hold” rating with a GBX 150 target, while the broader analyst consensus is “Moderate Buy” with an average target of GBX 162.50.

NCC Group plc (LON:NCC - Get Free Report) insider Mike Maddison purchased 125 shares of NCC Group stock in a transaction that occurred on Thursday, September 17th. The shares were bought at an average cost of GBX 132 per share, for a total transaction of £165.

Mike Maddison also recently made the following trade(s):

• On Monday, August 17th, Mike Maddison purchased 116 shares of NCC Group stock. The stock was bought at an average price of GBX 141 per share, with a total value of £163.56.
• On Friday, July 17th, Mike Maddison acquired 115 shares of NCC Group stock. The stock was purchased at an average cost of GBX 143 per share, with a total value of £164.45.

NCC Group Stock Down 1.5%

Shares of NCC traded down GBX 2 during mid-day trading on Friday, reaching GBX 131. 8,605,552 shares of the stock traded hands, compared to its average volume of 4,357,238. The stock has a fifty day simple moving average of GBX 139.91 and a 200 day simple moving average of GBX 132.69. NCC Group plc has a 12-month low of GBX 107.20 and a 12-month high of GBX 161.60. The company has a quick ratio of 0.97, a current ratio of 1.90 and a debt-to-equity ratio of 34.83. The firm has a market cap of £361.75 million, a price-to-earnings ratio of 43.67 and a beta of 0.66.

NCC Group announced that its board has authorized a share buyback plan on Monday, September 7th that permits the company to buyback 0 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a GBX 150 price objective on shares of NCC Group in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price 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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