Ultra Electronics Holdings plc (LON:ULE) Given Average Recommendation of “Hold” by Brokerages

Ultra Electronics Holdings plc (LON:ULE) has been given an average recommendation of “Hold” by the eight research firms that are presently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 2,013.14 ($26.31).

A number of equities analysts recently weighed in on the stock. Peel Hunt reissued an “add” rating on shares of Ultra Electronics in a report on Friday, September 6th. Barclays upgraded shares of Ultra Electronics to an “equal weight” rating and raised their price objective for the stock from GBX 1,120 ($14.63) to GBX 2,000 ($26.13) in a report on Monday, September 9th. Jefferies Financial Group lifted their price objective on shares of Ultra Electronics from GBX 1,775 ($23.19) to GBX 2,000 ($26.13) and gave the stock a “hold” rating in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Ultra Electronics from GBX 2,300 ($30.05) to GBX 2,200 ($28.75) and set a “neutral” rating on the stock in a research report on Thursday.

Shares of Ultra Electronics stock opened at GBX 2,024 ($26.45) on Friday. The firm has a market cap of $1.44 billion and a PE ratio of 30.34. Ultra Electronics has a 1 year low of GBX 1,200 ($15.68) and a 1 year high of GBX 2,294 ($29.98). The company has a debt-to-equity ratio of 70.99, a current ratio of 1.48 and a quick ratio of 1.05. The stock has a fifty day moving average price of GBX 2,035.02 and a 200-day moving average price of GBX 1,905.26.

In other news, insider Daniel Shook bought 2,500 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was acquired at an average cost of GBX 2,009 ($26.25) per share, with a total value of £50,225 ($65,627.86).

Ultra Electronics Company Profile

Ultra Electronics Holdings plc, an electrical and electronics engineering company, provides various solutions and products in the defense and aerospace, security, transport, and energy markets. The company operates in three segments: Aerospace & Infrastructure, Communications & Security, and Maritime & Land.

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Analyst Recommendations for Ultra Electronics (LON:ULE)

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