NCC Group (LON:NCC) Earns “Buy” Rating from Peel Hunt

Peel Hunt reiterated their buy rating on shares of NCC Group (LON:NCC) in a research note released on Monday, February 4th.

Several other research firms have also issued reports on NCC. Berenberg Bank cut their price target on shares of NCC Group from GBX 260 ($3.40) to GBX 180 ($2.35) and set a buy rating for the company in a research report on Wednesday, January 30th. Shore Capital restated a buy rating on shares of NCC Group in a research report on Thursday, January 24th.

LON NCC remained flat at $GBX 123 ($1.61) during trading on Monday. 239,299 shares of the company’s stock traded hands, compared to its average volume of 321,427. NCC Group has a twelve month low of GBX 109.75 ($1.43) and a twelve month high of GBX 239.25 ($3.13).

The company also recently disclosed a dividend, which was paid on Thursday, February 28th. Stockholders of record on Thursday, February 7th were paid a dividend of GBX 1.50 ($0.02) per share. This represents a dividend yield of 1.18%. The ex-dividend date was Thursday, February 7th.

In related news, insider Jonathan Brooks purchased 20,000 shares of the firm’s stock in a transaction that occurred on Monday, January 28th. The stock was bought at an average cost of GBX 127 ($1.66) per share, with a total value of £25,400 ($33,189.60). Also, insider Adam Palser purchased 22,927 shares of the firm’s stock in a transaction that occurred on Friday, January 25th. The stock was bought at an average cost of GBX 131 ($1.71) per share, with a total value of £30,034.37 ($39,245.22).

About NCC Group

NCC Group plc provides cyber security and risk mitigation services in the United Kingdom, the United States, Europe, and internationally. The company operates through two segments, Escrow and Assurance. It offers software escrow solutions that include escrow agreements, software verification, secure verification, software as a service assured, Internet corporation for assigned names and numbers compliance, and software risk assessment solutions.

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