NCC Group PLC (LON:NCC) Rating Increased to Buy at Canaccord Genuity
NCC Group PLC (LON:NCC) was upgraded by research analysts at Canaccord Genuity to a “buy” rating in a research report issued on Monday. The firm currently has a GBX 265 ($3.46) target price on the stock, up from their prior target price of GBX 118 ($1.54). Canaccord Genuity’s target price indicates a potential upside of 33.50% from the stock’s current price.
NCC has been the topic of several other research reports. Citigroup Inc. reiterated a “neutral” rating on shares of NCC Group PLC in a research report on Tuesday, May 2nd. Shore Capital reiterated a “hold” rating on shares of NCC Group PLC in a research report on Monday, April 3rd. Peel Hunt reiterated a “buy” rating and set a GBX 245 ($3.20) price target on shares of NCC Group PLC in a research report on Wednesday, April 26th. Finally, Berenberg Bank lowered shares of NCC Group PLC to a “sell” rating and increased their price target for the stock from GBX 115 ($1.50) to GBX 155 ($2.02) in a research report on Monday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 235.43 ($3.07).
NCC Group PLC (NCC) traded down 0.50% during midday trading on Monday, reaching GBX 197.50. The company’s stock had a trading volume of 405,845 shares. NCC Group PLC has a 52 week low of GBX 87.80 and a 52 week high of GBX 377.30. The firm’s market cap is GBX 545.69 million. The firm has a 50 day moving average price of GBX 167.45 and a 200-day moving average price of GBX 155.93.
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In related news, insider Debbie Howard Hewitt bought 6,954 shares of the business’s stock in a transaction on Tuesday, July 18th. The shares were purchased at an average price of GBX 179 ($2.34) per share, for a total transaction of £12,447.66 ($16,254.45).
About NCC Group PLC
NCC Group plc is a holding company. The principal activity of the Company is the provision of independent advice and services to customers by way of the provision of escrow and assurance services. It operates through three segments: Group Escrow, Assurance and Domain Services. The Domain Services segment is focused on maintaining and publishing the .trust security standards.
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