NCC Group (LON:NCC) Rating Reiterated by Shore Capital

Shore Capital reaffirmed their buy rating on shares of NCC Group (LON:NCC) in a research report sent to investors on Tuesday morning, Price Targets.com reports.

A number of other equities research analysts also recently commented on NCC. Numis Securities raised their target price on NCC Group from GBX 300 ($3.92) to GBX 340 ($4.44) and gave the company an add rating in a report on Tuesday, May 25th. Canaccord Genuity cut NCC Group to a hold rating and lifted their price target for the company from GBX 318 ($4.15) to GBX 340 ($4.44) in a report on Tuesday, August 24th. Finally, Berenberg Bank raised NCC Group to a buy rating and lifted their price objective for the company from GBX 190 ($2.48) to GBX 335 ($4.38) in a research note on Wednesday, June 30th.

NCC stock opened at GBX 301.50 ($3.94) on Tuesday. The company’s 50 day moving average price is GBX 315.52 and its 200 day moving average price is GBX 293.56. The company has a debt-to-equity ratio of 64.28, a quick ratio of 1.91 and a current ratio of 1.92. NCC Group has a fifty-two week low of GBX 169.37 ($2.21) and a fifty-two week high of GBX 348 ($4.55). The firm has a market capitalization of £931.55 million and a price-to-earnings ratio of 67.00.

The business also recently declared a dividend, which will be paid on Friday, November 12th. Investors of record on Thursday, October 14th will be given a dividend of GBX 3.15 ($0.04) per share. The ex-dividend date is Thursday, October 14th. This is a positive change from NCC Group’s previous dividend of $1.50. This represents a yield of 1%. NCC Group’s payout ratio is 1.03%.

About NCC Group

NCC Group plc provides cyber security and risk mitigation services in the United Kingdom, North America, rest of Europe, and internationally. It operates through two segments, Assurance and Software Resilience. The company provides cyber security services, such as penetration testing and security assessments, managed detection and response, vulnerability scanning, compliance and accreditations, risk management, products and cloud services, technology solutions, threat intelligence, specialist practices, and training.

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