Ultra Electronics Holdings plc (ULE) PT Raised to GBX 2,130 at JPMorgan Chase & Co.
Ultra Electronics Holdings plc (LON:ULE) had its price target boosted by equities researchers at JPMorgan Chase & Co. from GBX 1,850 ($24.15) to GBX 2,130 ($27.80) in a research report issued on Monday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 15.38% from the company’s current price.
A number of other equities analysts have also recently issued reports on the company. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a GBX 1,933 ($25.23) target price on shares of Ultra Electronics Holdings plc in a report on Sunday, September 11th. Berenberg Bank reduced their price objective on shares of Ultra Electronics Holdings plc from GBX 2,100 ($27.41) to GBX 2,000 ($26.11) and set a “buy” rating for the company in a research note on Tuesday, September 6th. Canaccord Genuity restated a “buy” rating and set a GBX 1,980 ($25.85) price objective on shares of Ultra Electronics Holdings plc in a research note on Friday, August 5th. Deutsche Bank AG reduced their price objective on shares of Ultra Electronics Holdings plc from GBX 1,732 ($22.61) to GBX 1,670 ($21.80) and set a “hold” rating for the company in a research note on Tuesday, August 2nd. Finally, Barclays PLC restated an “equal weight” rating and set a GBX 1,735 ($22.65) price objective on shares of Ultra Electronics Holdings plc in a research note on Tuesday, August 2nd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 1,924.74 ($25.12).
Shares of Ultra Electronics Holdings plc (LON:ULE) opened at 1871.00 on Monday. Ultra Electronics Holdings plc has a 52 week low of GBX 1,573.00 and a 52 week high of GBX 2,044.00. The company’s market cap is GBX 1.32 billion. The firm’s 50-day moving average price is GBX 1,741.28 and its 200 day moving average price is GBX 1,742.68.
The company also recently announced a dividend, which was paid on Friday, September 23rd. Investors of record on Thursday, September 1st were paid a GBX 14.20 ($0.19) dividend. The ex-dividend date was Thursday, September 1st. This represents a yield of 0.83%.
About Ultra Electronics Holdings plc
Ultra Electronics Holdings plc is a United Kingdom-based company, which manages a portfolio of 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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