NCC Group (LON:NCC) Shares Up 8.4% - Here's Why

Key Points

• NCC Group's shares rose by 8.4% on Wednesday, trading as high as GBX 158.40 ($2.12), with a notable increase in trading volume of 24% compared to the average session.
• Shore Capital reaffirmed a "buy" rating for the stock, setting a price target of GBX 175, reflecting a consensus rating of "Buy" among analysts.
• NCC Group, a global cybersecurity and software escrow provider, has a market cap of £483.57 million and operates with a debt-to-equity ratio of 37.15.

NCC Group plc (LON:NCC - Get Free Report) shot up 8.4% on Wednesday . The stock traded as high as GBX 158.40 ($2.12) and last traded at GBX 157.80 ($2.11). 2,050,374 shares were traded during trading, an increase of 24% from the average session volume of 1,647,570 shares. The stock had previously closed at GBX 145.60 ($1.95).

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a "buy" rating and set a GBX 175 price target on shares of NCC Group in a report on Tuesday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, NCC Group currently has a consensus rating of "Buy" and an average target price of GBX 175.

NCC Group Trading Up 8.4%

The company has a quick ratio of 0.97, a current ratio of 0.74 and a debt-to-equity ratio of 37.15. The business has a fifty day simple moving average of GBX 145.28 and a 200 day simple moving average of GBX 146.66. The company has a market cap of £483.57 million, a price-to-earnings ratio of -19.73 and a beta of 0.77.

About NCC Group

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, 2,200 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.

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