NCC Group (LON:NCC) Shares Up 8.4% - Still a Buy?

Key Points

• NCC Group's shares rose by 8.4%, reaching a trading high of GBX 158.40 ($2.12) during mid-day trading, with a significant volume of 2,050,374 shares.
• Shore Capital has reaffirmed a "buy" rating on NCC Group and set a target price of GBX 175, contributing to the stock's consensus rating of "Buy."
• The company specializes in cybersecurity and software escrow services, employing 2,200 professionals across various regions to enhance digital security for clients.

Shares of NCC Group plc (LON:NCC - Get Free Report) shot up 8.4% during mid-day trading on Wednesday . The company traded as high as GBX 158.40 ($2.12) and last traded at GBX 157.80 ($2.11). 2,050,374 shares changed hands during mid-day 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 Upgrades and Downgrades

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

NCC Group Trading Up 8.4%

The stock's 50 day simple moving average is GBX 145.28 and its two-hundred day simple moving average is GBX 146.66. The stock has a market capitalization of £483.57 million, a PE ratio of -19.73 and a beta of 0.77. The company has a debt-to-equity ratio of 37.15, a current ratio of 0.74 and a quick ratio of 0.97.

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, 2,200 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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