NCC Group (LON:NCC) Trading Up 8.4% - Should You Buy?

Key Points

• NCC Group's share price increased by 8.4% during mid-day trading, reaching GBX 158.40 ($2.12) with a significant trading volume of over 2 million shares.
• Analysts have set a target price of GBX 175 for NCC Group, maintaining a "buy" rating based on a consensus from equity research analysts.
• The company has a market cap of £483.57 million and operates in the global cybersecurity and software escrow business, aiming to enhance digital security.

NCC Group plc (LON:NCC - Get Free Report)'s share price was 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). Approximately 2,050,374 shares traded hands during trading, an increase of 24% from the average daily volume of 1,647,570 shares. The stock had previously closed at GBX 145.60 ($1.95).

Analysts Set New Price Targets

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

NCC Group Stock Up 8.4%

The business's 50 day simple moving average is GBX 145.28 and its 200-day simple moving average is 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. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.