NCC Group (LON:NCC) Given New GBX 220 Price Target at Berenberg Bank

NCC Group (LON:NCC) had its price target lifted by Berenberg Bank from GBX 180 ($2.35) to GBX 220 ($2.87) in a report released on Tuesday, ThisIsMoney.Co.Uk reports. Berenberg Bank currently has a buy rating on the stock.

A number of other brokerages also recently weighed in on NCC. Peel Hunt reaffirmed a buy rating on shares of NCC Group in a research report on Monday, July 22nd. Shore Capital reaffirmed a buy rating on shares of NCC Group in a research report on Thursday, July 25th.

NCC stock traded down GBX 2.80 ($0.04) during trading on Tuesday, reaching GBX 185 ($2.42). 268,147 shares of the company traded hands, compared to its average volume of 321,427. NCC Group has a 12 month low of GBX 111.50 ($1.46) and a 12 month high of GBX 227.60 ($2.97). The company’s 50 day moving average price is GBX 169.42. The company has a market capitalization of $511.21 million and a P/E ratio of 38.54. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 26.14.

The business also recently disclosed a dividend, which will be paid on Friday, October 4th. Investors of record on Thursday, September 5th will be given a dividend of GBX 3.15 ($0.04) per share. The ex-dividend date is Thursday, September 5th. This represents a yield of 1.83%. This is an increase from NCC Group’s previous dividend of $1.50. NCC Group’s dividend payout ratio (DPR) is presently 1.04%.

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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