Insider Buying: NCC Group (LON:NCC) Insider Acquires £163.68 in Stock

by · The Markets Daily

NCC Group plc (LON:NCC – Get Free Report) insider Guy Ellis acquired 124 shares of NCC Group stock in a transaction on Thursday, September 17th. The shares were bought at an average cost of GBX 132 per share, for a total transaction of £163.68.

Guy Ellis also recently made the following trade(s):

  • On Monday, August 17th, Guy Ellis acquired 117 shares of NCC Group stock. The stock was bought at an average cost of GBX 141 per share, with a total value of £164.97.
  • On Friday, July 17th, Guy Ellis bought 115 shares of NCC Group stock. The stock was bought at an average price of GBX 143 per share, with a total value of £164.45.

NCC Group Trading Down 1.5%

Shares of LON NCC traded down GBX 2 during trading hours on Friday, hitting GBX 131. 8,605,552 shares of the company traded hands, compared to its average volume of 4,357,238. The stock has a market capitalization of £361.75 million, a price-to-earnings ratio of 43.67 and a beta of 0.66. The company has a current ratio of 1.90, a quick ratio of 0.97 and a debt-to-equity ratio of 34.83. The company’s 50 day moving average price is GBX 139.91 and its 200 day moving average price is GBX 132.69. NCC Group plc has a 12 month low of GBX 107.20 and a 12 month high of GBX 161.60.

NCC Group announced that its Board of Directors has initiated a share repurchase program on Monday, September 7th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 150 target price on shares of NCC Group in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 162.50.

Check Out Our Latest Analysis on NCC Group

About NCC Group

(Get Free Report)

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. 2,000 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. With decades of experience and a rich heritage,
NCC Group is committed to developing sustainable solutions that continue to meet client’s current and future cyber security challenges.

Featured Stories