NCC Group plc ( (GB:NCC) ) has provided an update.
NCC Group plc has secured a new four-year £120 million multi-currency revolving credit facility to support its strategic growth plans. This new facility, which includes a £50 million uncommitted accordion option, replaces the previous £162.5 million facility and provides the company with the financial flexibility to pursue its objectives beyond 2025.
Spark’s Take on GB:NCC Stock
According to Spark, TipRanks’ AI Analyst, GB:NCC is a Neutral.
NCC Group plc demonstrates a mixed financial performance with solid cash flow and a stable balance sheet but faces profitability challenges. Technical indicators suggest a neutral stance, while strategic corporate actions, including asset sales and executive share purchases, boost confidence. Valuation remains a concern due to negative earnings, though the dividend yield offers some appeal.
To see Spark’s full report on GB:NCC stock, click here.
More about NCC Group plc
NCC Group is a global cyber security and software escrow business that leverages technology and a skilled workforce to provide cyber resilience solutions for clients in both the public and private sectors worldwide. With a presence in Europe, North America, and Asia Pacific, the company is dedicated to creating a secure digital future and addressing current and future cyber security challenges.
YTD Price Performance: -5.87%
Average Trading Volume: 1,093,924
Technical Sentiment Signal: Buy
Current Market Cap: £429.3M
See more insights into NCC stock on TipRanks’ Stock Analysis page.