Investment Analysts’ Weekly Ratings Updates for Ultra Electronics (ULE)

A number of firms have modified their ratings and price targets on shares of Ultra Electronics (LON: ULE) recently:

  • 1/12/2018 – Ultra Electronics was upgraded by analysts at JPMorgan Chase & Co. to an “overweight” rating. They now have a GBX 1,675 ($22.71) price target on the stock, down previously from GBX 1,735 ($23.53).
  • 1/11/2018 – Ultra Electronics had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 1,800 ($24.41) price target on the stock.
  • 1/5/2018 – Ultra Electronics had its price target lowered by analysts at JPMorgan Chase & Co. from GBX 1,785 ($24.21) to GBX 1,735 ($23.53). They now have a “neutral” rating on the stock.
  • 1/5/2018 – Ultra Electronics had its price target lowered by analysts at Berenberg Bank from GBX 1,550 ($21.02) to GBX 1,300 ($17.63). They now have a “sell” rating on the stock.
  • 12/18/2017 – Ultra Electronics had its price target lowered by analysts at Barclays PLC from GBX 2,045 ($27.73) to GBX 1,290 ($17.49). They now have an “equal weight” rating on the stock.
  • 11/27/2017 – Ultra Electronics had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 1,800 ($24.41) price target on the stock.

Ultra Electronics Holdings plc (ULE) traded down GBX 8 ($0.11) during mid-day trading on Monday, hitting GBX 1,442 ($19.56). 200,228 shares of the stock traded hands, compared to its average volume of 423,715. Ultra Electronics Holdings plc has a 1 year low of GBX 1,138 ($15.43) and a 1 year high of GBX 2,245 ($30.44). The stock has a market capitalization of $1,120.00 and a price-to-earnings ratio of 1,758.54.

In other Ultra Electronics news, insider K Thomson bought 804 shares of the stock in a transaction dated Thursday, November 23rd. The stock was purchased at an average cost of GBX 1,218 ($16.52) per share, for a total transaction of £9,792.72 ($13,280.07). Also, insider Ami Sharma bought 846 shares of the stock in a transaction dated Monday, November 20th. The shares were acquired at an average price of GBX 1,170 ($15.87) per share, with a total value of £9,898.20 ($13,423.11). Insiders have bought 10,842 shares of company stock valued at $13,125,944 over the last quarter.

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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