NCC Group (LON:NCC) Shares Up 8.4% - Time to Buy?

Key Points

• NCC Group shares increased by 8.4% during midday trading, reaching a high of GBX 158.40 ($2.12) before closing at GBX 157.80 ($2.11).
• Shore Capital reaffirmed a "buy" rating for NCC Group, setting a target price of GBX 175, while the stock has an average rating of "Buy" among analysts.
• The company holds a market capitalization of £483.57 million with a price-to-earnings ratio of -19.73 and operates in the global cybersecurity sector.

NCC Group plc (LON:NCC - Get Free Report)'s share price shot up 8.4% during mid-day trading 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, the stock has an average rating of "Buy" and a consensus target price of GBX 175.

NCC Group Stock Performance

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

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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