NCC Group (LON:NCC) Stock Price Up 8.4% – Here’s What Happened

NCC Group plc (LON:NCC) rose 8.4% 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 mid-day 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 reaffirmed a “buy” rating and issued a GBX 175 price objective on shares of NCC Group in a research note on Tuesday. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, NCC Group has an average rating of “Buy” and an average target price of GBX 175.

NCC Group Stock Performance

The stock has a market capitalization of £483.26 million, a PE ratio of -19.71 and a beta of 0.77. The stock has a fifty day moving average of GBX 145.28 and a 200-day moving average of GBX 146.66. The company has a quick ratio of 0.97, a current ratio of 0.74 and a debt-to-equity ratio of 37.15.

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.