Brokerages Set Ultra Electronics Holdings plc (ULE) PT at $1,944.71
Shares of Ultra Electronics Holdings plc (LON:ULE) have received a consensus recommendation of “Buy” from the eight brokerages that are currently covering the stock. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 1,944.71 ($24.30).
Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. reduced their price objective on Ultra Electronics Holdings plc from GBX 1,885 ($23.55) to GBX 1,850 ($23.11) and set an “overweight” rating for the company in a research note on Tuesday, August 2nd. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a GBX 1,933 ($24.15) target price on shares of Ultra Electronics Holdings plc in a report on Sunday, September 11th. Berenberg Bank dropped their target price on shares of Ultra Electronics Holdings plc from GBX 2,100 ($26.24) to GBX 2,000 ($24.99) and set a “buy” rating for the company in a report on Tuesday, September 6th. Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 1,735 ($21.68) target price on shares of Ultra Electronics Holdings plc in a report on Tuesday, August 2nd. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 1,980 ($24.74) target price on shares of Ultra Electronics Holdings plc in a report on Friday, August 5th.
In related news, insider Rakesh Sharma acquired 24 shares of the company’s stock in a transaction on Friday, September 30th. The stock was acquired at an average price of GBX 1,766 ($22.06) per share, with a total value of £423.84 ($529.54).
Ultra Electronics Holdings plc (LON:ULE) opened at 1967.00 on Tuesday. The company’s market capitalization is GBX 1.38 billion. The stock’s 50 day moving average price is GBX 1,875.41 and its 200-day moving average price is GBX 1,765.24. Ultra Electronics Holdings plc has a 52 week low of GBX 1,573.00 and a 52 week high of GBX 2,049.00.
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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