Ultra Electronics Holdings plc (ULE) Receives GBX 1,921.14 Consensus PT from Analysts
Ultra Electronics Holdings plc (LON:ULE) has received a consensus recommendation of “Buy” from the eight analysts that are currently covering the firm. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 1,921.14 ($23.78).
ULE has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their target price on Ultra Electronics Holdings plc from GBX 1,850 ($22.90) to GBX 2,130 ($26.36) and gave the stock an “overweight” rating in a report on Monday. Goldman Sachs Group Inc. decreased their target price on Ultra Electronics Holdings plc from GBX 1,954 ($24.18) to GBX 1,933 ($23.92) and set a “neutral” rating on the stock in a report on Monday, September 5th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 1,732 ($21.44) target price (down from GBX 1,835 ($22.71)) on shares of Ultra Electronics Holdings plc in a report on Friday, June 24th. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 1,980 ($24.50) target price on shares of Ultra Electronics Holdings plc in a report on Friday, August 5th. Finally, Berenberg Bank decreased their target price on Ultra Electronics Holdings plc from GBX 2,100 ($25.99) to GBX 2,000 ($24.75) and set a “buy” rating on the stock in a report on Tuesday, September 6th.
Shares of Ultra Electronics Holdings plc (LON:ULE) opened at 1882.00 on Tuesday. The stock has a 50 day moving average price of GBX 1,759.35 and a 200-day moving average price of GBX 1,745.24. Ultra Electronics Holdings plc has a 1-year low of GBX 1,573.00 and a 1-year high of GBX 2,044.00. The company’s market cap is GBX 1.32 billion.
The company also recently disclosed a dividend, which was paid on Friday, September 23rd. Stockholders of record on Thursday, September 1st were given a dividend of GBX 14.20 ($0.18) per share. The ex-dividend date was Thursday, September 1st. This represents a dividend 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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