Ultra Electronics (ULE) PT Lowered to GBX 1,290

Ultra Electronics (LON:ULE) had its target price cut by Barclays from GBX 2,045 ($27.52) to GBX 1,290 ($17.36) in a research note published on Monday. They currently have an equal weight rating on the stock.

A number of other analysts also recently commented on ULE. Deutsche Bank boosted their price objective on shares of 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. J P Morgan Chase & Co cut shares of Ultra Electronics to a neutral rating and cut their target price for the stock from GBX 2,420 ($32.57) to GBX 1,785 ($24.02) in a research report on Monday, November 13th. Liberum Capital restated a buy rating and set a GBX 1,800 ($24.23) target price on shares of Ultra Electronics in a research report on Monday, November 27th. Kepler Capital Markets cut their target price on shares of Ultra Electronics from GBX 2,300 ($30.96) to GBX 1,600 ($21.53) and set a buy rating for the company in a research report on Tuesday, November 14th. Finally, Berenberg Bank cut shares of Ultra Electronics to a sell rating and cut 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Ultra Electronics currently has a consensus rating of Hold and an average price target of GBX 1,772.14 ($23.85).

Shares of Ultra Electronics (LON ULE) opened at GBX 1,350.67 ($18.18) on Monday. Ultra Electronics has a fifty-two week low of GBX 1,138 ($15.32) and a fifty-two week high of GBX 2,245 ($30.22).

In related news, insider Sir Robert Walmsley purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was purchased at an average price of GBX 1,196 ($16.10) per share, with a total value of £11,960 ($16,096.90). Also, insider Douglas Caster purchased 8,160 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average cost of GBX 1,215 ($16.35) per share, with a total value of £99,144 ($133,437.42). In the last three months, insiders bought 10,839 shares of company stock valued at $13,125,309.

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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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