Ultra Electronics Holdings plc (LON:ULE) has been given an average rating of “Buy” by the eight analysts that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 2,196 ($28.40).

Several equities research analysts recently issued reports on ULE shares. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 2,350 ($30.39) price objective on shares of Ultra Electronics Holdings plc in a research report on Tuesday, June 27th. Kepler Capital Markets reaffirmed a “buy” rating and set a GBX 2,300 ($29.75) target price on shares of Ultra Electronics Holdings plc in a research note on Thursday, August 3rd. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 2,050 ($26.51) target price on shares of Ultra Electronics Holdings plc in a research note on Friday, July 7th. Liberum Capital reaffirmed a “buy” rating and set a GBX 2,300 ($29.75) target price on shares of Ultra Electronics Holdings plc in a research note on Thursday, June 22nd. Finally, Investec reaffirmed a “buy” rating and set a GBX 2,300 ($29.75) target price on shares of Ultra Electronics Holdings plc in a research note on Thursday, June 22nd.

In other Ultra Electronics Holdings plc news, insider Sir Robert Walmsley acquired 400 shares of the stock in a transaction dated Tuesday, August 8th. The stock was acquired at an average price of GBX 1,957 ($25.31) per share, with a total value of £7,828 ($10,124.16). Also, insider Ami Sharma acquired 786 shares of the stock in a transaction dated Wednesday, August 16th. The stock was acquired at an average cost of GBX 1,895 ($24.51) per share, with a total value of £14,894.70 ($19,263.71). In the last ninety days, insiders have acquired 1,801 shares of company stock valued at $3,444,076.

Ultra Electronics Holdings plc (LON ULE) traded down 0.92% during mid-day trading on Wednesday, reaching GBX 1825.00. The firm’s 50 day moving average price is GBX 1,993.33 and its 200 day moving average price is GBX 2,047.50. Ultra Electronics Holdings plc has a 12 month low of GBX 1,650.00 and a 12 month high of GBX 2,245.00. The firm’s market cap is GBX 1.29 billion.

The business also recently announced a dividend, which will be paid on Thursday, September 21st. Shareholders of record on Thursday, August 31st will be paid a dividend of GBX 14.60 ($0.19) per share. This represents a yield of 0.77%. The ex-dividend date of this dividend is Thursday, August 31st.

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Ultra Electronics Holdings plc Company Profile

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.

Analyst Recommendations for Ultra Electronics Holdings plc (LON:ULE)

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