NCC Group PLC (LON:NCC) Raised to Buy at Canaccord Genuity
NCC Group PLC (LON:NCC) was upgraded by equities research analysts at Canaccord Genuity to a “buy” rating in a report released on Monday. The brokerage currently has a GBX 265 ($3.45) price target on the stock, up from their previous price target of GBX 118 ($1.54). Canaccord Genuity’s price objective points to a potential upside of 37.31% from the company’s previous close.
Several other research analysts also recently commented on NCC. Shore Capital reissued a “hold” rating on shares of NCC Group PLC in a report on Monday, April 3rd. Peel Hunt reissued a “buy” rating and issued a GBX 245 ($3.19) target price on shares of NCC Group PLC in a report on Wednesday, April 26th. Citigroup Inc. reissued a “neutral” rating on shares of NCC Group PLC in a report on Tuesday, May 2nd. Finally, Berenberg Bank downgraded NCC Group PLC to a “sell” rating and boosted their target price for the stock from GBX 115 ($1.50) to GBX 155 ($2.02) in a report on Monday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. NCC Group PLC currently has an average rating of “Hold” and an average target price of GBX 235.43 ($3.07).
Shares of NCC Group PLC (NCC) opened at 194.00 on Monday. The company has a 50-day moving average price of GBX 167.45 and a 200 day moving average price of GBX 155.32. 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 capitalization is GBX 536.02 million.
In related news, insider Debbie Howard Hewitt acquired 6,954 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The stock was purchased at an average price of GBX 179 ($2.33) per share, for a total transaction of £12,447.66 ($16,216.34).
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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