NCC Group PLC (LON:NCC) Upgraded to Buy at Canaccord Genuity

NCC Group PLC (LON:NCC) was upgraded by investment analysts at Canaccord Genuity to a “buy” rating in a report released on Monday, July 24th. The firm currently has a GBX 265 ($3.44) target price on the stock, up from their prior target price of GBX 118 ($1.53). Canaccord Genuity’s target price would indicate a potential upside of 34.52% from the company’s previous close.

Several other analysts have also recently commented on the stock. Peel Hunt reiterated a “buy” rating and set a GBX 245 ($3.18) target price on shares of NCC Group PLC in a research report on Wednesday, April 26th. Citigroup Inc. reiterated a “neutral” rating on shares of NCC Group PLC in a research report on Tuesday, May 2nd. Berenberg Bank cut shares of NCC Group PLC to a “sell” rating and upped their target price for the company from GBX 115 ($1.49) to GBX 155 ($2.01) in a research report on Monday, July 24th. Finally, Shore Capital restated a “hold” rating on shares of NCC Group PLC in a research report on Thursday, April 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of GBX 235.43 ($3.06).

Shares of NCC Group PLC (LON NCC) traded down 1.01% during trading on Monday, hitting GBX 197.00. The stock had a trading volume of 285,853 shares. NCC Group PLC has a 52 week low of GBX 87.80 and a 52 week high of GBX 377.30. The stock’s 50 day moving average is GBX 185.46 and its 200 day moving average is GBX 156.25. The stock’s market capitalization is GBX 544.31 million.

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In other NCC Group PLC news, insider Debbie Howard Hewitt acquired 6,954 shares of NCC Group PLC stock in a transaction dated Tuesday, July 18th. The stock was bought at an average cost of GBX 179 ($2.32) per share, for a total transaction of £12,447.66 ($16,159.50).

NCC Group PLC Company Profile

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.

Analyst Recommendations for NCC Group PLC (LON:NCC)

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