Liberum Capital Reaffirms “Buy” Rating for Ultra Electronics (ULE)

Ultra Electronics (LON:ULE)‘s stock had its “buy” rating reissued by investment analysts at Liberum Capital in a research report issued on Thursday. They presently have a GBX 1,800 ($24.41) target price on the stock. Liberum Capital’s target price points to a potential upside of 20.56% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on ULE. JPMorgan Chase & Co. lowered their target price on shares of Ultra Electronics from GBX 1,785 ($24.21) to GBX 1,735 ($23.53) and set a “neutral” rating on the stock in a research note on Friday, January 5th. Berenberg Bank lowered their target price on shares of Ultra Electronics from GBX 1,550 ($21.02) to GBX 1,300 ($17.63) and set a “sell” rating on the stock in a research note on Friday, January 5th. Kepler Capital Markets lowered their target price on shares of Ultra Electronics from GBX 2,300 ($31.19) to GBX 1,600 ($21.70) and set a “buy” rating on the stock in a research note on Tuesday, November 14th. Finally, Barclays lowered their target price on shares of Ultra Electronics from GBX 2,045 ($27.73) to GBX 1,290 ($17.49) and set an “equal weight” rating on the stock in a research note on Monday, December 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Ultra Electronics currently has an average rating of “Hold” and an average price target of GBX 1,729.29 ($23.45).

Ultra Electronics (LON ULE) traded up GBX 247 ($3.35) during mid-day trading on Thursday, hitting GBX 1,493 ($20.25). 1,363,039 shares of the stock were exchanged, compared to its average volume of 406,966. Ultra Electronics has a one year low of GBX 1,138 ($15.43) and a one year high of GBX 2,245 ($30.44). The company has a market capitalization of $1,160.00 and a price-to-earnings ratio of 1,820.73.

In other Ultra Electronics news, insider Douglas Caster purchased 8,160 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were purchased at an average cost of GBX 1,215 ($16.48) per share, with a total value of £99,144 ($134,450.77). Also, insider Ami Sharma purchased 846 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were acquired at an average cost of GBX 1,170 ($15.87) per share, for a total transaction of £9,898.20 ($13,423.11). Insiders purchased 10,842 shares of company stock worth $13,125,944 over the last ninety days.

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Ultra Electronics Company Profile

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.

Analyst Recommendations for Ultra Electronics (LON:ULE)

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