Shares of Ultra Electronics Holdings plc (LON:ULE) have earned an average recommendation of “Hold” from the seven analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 1,720.71 ($23.77).
ULE has been the topic of a number of recent research reports. Barclays dropped their price target on shares of Ultra Electronics from GBX 2,045 ($28.25) to GBX 1,290 ($17.82) and set an “equal weight” rating on the stock in a research note on Monday, December 18th. Liberum Capital restated a “buy” rating and set a GBX 2,300 ($31.78) price target on shares of Ultra Electronics in a research note on Friday, November 10th. Berenberg Bank cut shares of Ultra Electronics to a “sell” rating and dropped their price target for the company from GBX 2,250 ($31.09) to GBX 1,550 ($21.41) in a research note on Friday, November 10th. Kepler Capital Markets lowered their target price on shares of Ultra Electronics from GBX 2,300 ($31.78) to GBX 1,600 ($22.11) and set a “buy” rating on the stock in a research note on Tuesday, November 14th. Finally, JPMorgan Chase & Co. cut shares of Ultra Electronics to a “neutral” rating and lowered their target price for the stock from GBX 2,420 ($33.43) to GBX 1,785 ($24.66) in a research note on Monday, November 13th.
Shares of Ultra Electronics (LON:ULE) traded up GBX 21 ($0.29) during mid-day trading on Wednesday, hitting GBX 1,466 ($20.25). 110,128 shares of the company were exchanged, compared to its average volume of 440,697. The stock has a market cap of $1,140.00 and a PE ratio of 1,787.80. Ultra Electronics has a 12 month low of GBX 1,138 ($15.72) and a 12 month high of GBX 2,245 ($31.02).
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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