It May Be Time to Buy Shares of NCC Group PLC (LON:NCC) as Berenberg Has Upgraded The Stock

July 27, 2018 - By Palma Niemeyer

NCC Group plc (LON:NCC) Logo

NCC Group PLC (LON:NCC) Stock Upgrade

NCC Group PLC (LON:NCC) was just upgraded by Berenberg to a respectable Buy rating in a research note revealed to clients on Friday morning. The firm currently has a GBX 260.00 target price per share on the shares. This target is 16.91 % from NCC’s current share price.

NCC Group plc (LON:NCC) Ratings Coverage

Among 3 analysts covering NCC Group PLC (LON:NCC), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. NCC Group PLC has GBX 275 highest and GBX 260 lowest target. GBX 267.50’s average target is 20.48% above currents GBX 222.02 stock price. NCC Group PLC had 15 analyst reports since February 1, 2018 according to SRatingsIntel. The stock of NCC Group plc (LON:NCC) earned “Buy” rating by Peel Hunt on Friday, June 1. On Monday, March 26 the stock rating was maintained by Peel Hunt with “Buy”. Peel Hunt maintained the stock with “Buy” rating in Tuesday, July 17 report. Peel Hunt maintained the stock with “Buy” rating in Wednesday, May 9 report. The firm earned “Buy” rating on Thursday, July 5 by Peel Hunt. The stock of NCC Group plc (LON:NCC) has “Buy” rating given on Tuesday, July 3 by Peel Hunt. Berenberg upgraded NCC Group plc (LON:NCC) on Friday, July 27 to “Buy” rating. The rating was maintained by Peel Hunt with “Buy” on Wednesday, April 4. Peel Hunt maintained NCC Group plc (LON:NCC) on Thursday, May 3 with “Buy” rating. The rating was upgraded by Shore Capital on Wednesday, June 20 to “Buy”.

The stock increased 1.38% or GBX 3.02 during the last trading session, reaching GBX 222.02. About 1.63 million shares traded or 254.45% up from the average. NCC Group plc (LON:NCC) has 0.00% since July 27, 2017 and is . It has underperformed by 12.57% the S&P500.

NCC Group plc provides cyber security and risk mitigation services to organizations worldwide. The company has market cap of 616.46 million GBP. It operates through two divisions, Escrow and Assurance. It currently has negative earnings. The firm offers software escrow and verification services, including software escrow, escrow agreements, SaaS assured, software verification, secure software verification, Internet Corporation for Assigned Names and Numbers compliance, ad risk assessment services; and cyber security services comprising penetration testing and security assessment, managed detection and response, vulnerability discovery and management, risk management, threat intelligence, and training services, as well as compliance and accreditations, products and cloud services, technology solutions, and specialist practices.

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