Insider Buying: Ultra Electronics Holdings plc (ULE) Insider Buys 13 Shares of Stock

Ultra Electronics Holdings plc (LON:ULE) insider Ami Sharma purchased 13 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was acquired at an average price of GBX 1,293 ($17.40) per share, for a total transaction of £168.09 ($226.23).

Ami Sharma also recently made the following trade(s):

  • On Monday, November 20th, Ami Sharma bought 846 shares of Ultra Electronics stock. The shares were purchased at an average price of GBX 1,170 ($15.75) per share, for a total transaction of £9,898.20 ($13,321.94).
  • On Wednesday, November 1st, Ami Sharma bought 8 shares of Ultra Electronics stock. The shares were purchased at an average price of GBX 1,823 ($24.54) per share, for a total transaction of £145.84 ($196.29).
  • On Monday, October 2nd, Ami Sharma bought 8 shares of Ultra Electronics stock. The shares were purchased at an average price of GBX 1,803 ($24.27) per share, for a total transaction of £144.24 ($194.13).

Ultra Electronics Holdings plc (LON ULE) opened at GBX 1,276 ($17.17) on Wednesday. Ultra Electronics Holdings plc has a 12 month low of GBX 1,138 ($15.32) and a 12 month high of GBX 2,245 ($30.22).

A number of analysts have commented on ULE shares. Berenberg Bank downgraded Ultra Electronics to a “sell” rating and decreased their target price for the stock from GBX 2,250 ($30.28) to GBX 1,550 ($20.86) in a research report on Friday, November 10th. Liberum Capital reiterated a “buy” rating and set a GBX 2,300 ($30.96) target price on shares of Ultra Electronics in a research report on Friday, November 10th. Kepler Capital Markets decreased their target price on Ultra Electronics from GBX 2,300 ($30.96) to GBX 1,600 ($21.53) and set a “buy” rating on the stock in a research report on Tuesday, November 14th. J P Morgan Chase & Co cut Ultra Electronics to a “neutral” rating and cut their price target for the stock from GBX 2,420 ($32.57) to GBX 1,785 ($24.02) in a report on Monday, November 13th. Finally, Deutsche Bank boosted their price target on Ultra Electronics from GBX 2,040 ($27.46) to GBX 2,080 ($27.99) and gave the stock a “hold” rating in a report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Ultra Electronics has an average rating of “Hold” and a consensus target price of GBX 1,886.63 ($25.39).

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About Ultra Electronics

Ultra Electronics Holdings plc provides solutions and products in the defense and aerospace, security and cyber, transport and energy markets, by applying electronic and software technologies. The Company operates in three segments: Aerospace & Infrastructure, Communications & Security, and Maritime & Land.

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