Shore Capital Reaffirms Buy Rating for NCC Group (LON:NCC)

Key Points

• Shore Capital has reaffirmed a buy rating for NCC Group (LON:NCC) with a target price of GBX 175, indicating a potential upside of 18.21% from its previous close.
• NCC Group's stock rose 2.7% to open at GBX 148.04, with a market capitalization of £453.66 million and a PE ratio of -18.51.
• The company operates globally in cyber security and software escrow, employing around 2,200 colleagues across various regions.

NCC Group (LON:NCC - Get Free Report)'s stock had its "buy" rating reaffirmed by equities research analysts at Shore Capital in a note issued to investors on Tuesday,Digital Look reports. They presently have a GBX 175 price target on the stock. Shore Capital's target price indicates a potential upside of 18.21% from the company's previous close.

NCC Group Stock Up 2.7%

NCC stock opened at GBX 148.04 on Tuesday. The company has a current ratio of 0.74, a quick ratio of 0.97 and a debt-to-equity ratio of 37.15. The firm has a market capitalization of £453.66 million, a PE ratio of -18.51 and a beta of 0.77. NCC Group has a 1-year low of GBX 124 and a 1-year high of GBX 170.60. The business's 50 day simple moving average is GBX 145 and its 200 day simple moving average is GBX 146.63.

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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