Ultra Electronics Holdings plc (LON:ULE) had its price objective raised by Deutsche Bank AG from GBX 2,040 ($26.38) to GBX 2,080 ($26.90) in a research note released on Thursday. Deutsche Bank AG currently has a hold rating on the stock.

ULE has been the topic of a number of other reports. Liberum Capital restated a buy rating and issued a GBX 2,300 ($29.75) price target on shares of Ultra Electronics Holdings plc in a research note on Monday, May 22nd. Investec restated a buy rating and issued a GBX 2,300 ($29.75) price target on shares of Ultra Electronics Holdings plc in a research note on Thursday, June 22nd. J P Morgan Chase & Co restated an overweight rating and issued a GBX 2,350 ($30.39) price target on shares of Ultra Electronics Holdings plc in a research note on Tuesday, June 27th. Kepler Capital Markets restated a buy rating and issued a GBX 2,300 ($29.75) price target on shares of Ultra Electronics Holdings plc in a research note on Thursday, August 3rd. Finally, Barclays PLC dropped their price target on Ultra Electronics Holdings plc from GBX 2,085 ($26.97) to GBX 2,045 ($26.45) and set an equal weight rating on the stock in a research note on Thursday, August 17th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Ultra Electronics Holdings plc presently has a consensus rating of Buy and a consensus price target of GBX 2,201 ($28.47).

Shares of Ultra Electronics Holdings plc (LON:ULE) traded up 0.16% during mid-day trading on Thursday, reaching GBX 1853.00. The company had a trading volume of 91,854 shares. Ultra Electronics Holdings plc has a one year low of GBX 1,650.00 and a one year high of GBX 2,245.00. The company has a 50 day moving average price of GBX 1,993.33 and a 200 day moving average price of GBX 2,047.50. The company’s market capitalization is GBX 1.31 billion.

COPYRIGHT VIOLATION WARNING: This piece was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another site, it was copied illegally and reposted in violation of international copyright law. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/01/ultra-electronics-holdings-plc-ule-given-new-gbx-2080-price-target-at-deutsche-bank-ag.html.

The company also recently declared a dividend, which will be paid on Thursday, September 21st. Stockholders of record on Thursday, August 31st will be paid a GBX 14.60 ($0.19) dividend. The ex-dividend date is Thursday, August 31st. This represents a dividend yield of 0.77%.

In related news, insider Sir Robert Walmsley bought 400 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were bought at an average cost of GBX 1,957 ($25.31) per share, with a total value of £7,828 ($10,124.16). Also, insider Ami Sharma bought 786 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was bought at an average cost of GBX 1,895 ($24.51) per share, for a total transaction of £14,894.70 ($19,263.71). Over the last ninety days, insiders purchased 1,794 shares of company stock worth $3,429,166.

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)

Receive News & Stock Ratings for Ultra Electronics Holdings plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultra Electronics Holdings plc and related stocks with our FREE daily email newsletter.