Ultra Electronics Holdings plc (ULE) Receives GBX 2,201 Consensus PT from Brokerages
Ultra Electronics Holdings plc (LON:ULE) has been given an average rating of “Buy” by the eight ratings firms that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 2,201 ($29.68).
A number of brokerages have recently commented on ULE. Deutsche Bank AG lifted their price target on Ultra Electronics Holdings plc from GBX 2,040 ($27.50) to GBX 2,080 ($28.04) and gave the company a “hold” rating in a research note on Thursday, August 31st. Kepler Capital Markets reissued a “buy” rating and set a GBX 2,300 ($31.01) price target on shares of Ultra Electronics Holdings plc in a research note on Thursday, August 3rd. Liberum Capital reissued a “buy” rating and set a GBX 2,300 ($31.01) price target on shares of Ultra Electronics Holdings plc in a research note on Monday, August 7th. Barclays PLC cut their price target on Ultra Electronics Holdings plc from GBX 2,085 ($28.11) to GBX 2,045 ($27.57) and set an “equal weight” rating on the stock in a research note on Thursday, August 17th. Finally, J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 2,400 ($32.36) price target on shares of Ultra Electronics Holdings plc in a research note on Monday, July 24th.
In related news, insider Rakesh Sharma acquired 554 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were bought at an average cost of GBX 1,793 ($24.17) per share, with a total value of £9,933.22 ($13,392.50). Also, insider Sir Robert Walmsley acquired 400 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was bought at an average cost of GBX 1,957 ($26.39) per share, for a total transaction of £7,828 ($10,554.13). Over the last ninety days, insiders purchased 2,891 shares of company stock worth $5,415,635.
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Shares of Ultra Electronics Holdings plc (LON ULE) traded down 2.46% during mid-day trading on Friday, reaching GBX 1747.00. The company’s stock had a trading volume of 209,725 shares. Ultra Electronics Holdings plc has a 12 month low of GBX 1,736.00 and a 12 month high of GBX 2,245.00. The company has a 50-day moving average of GBX 1,877.89 and a 200-day moving average of GBX 2,033.67. The firm’s market cap is GBX 1.23 billion.
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 dividend of GBX 14.60 ($0.20) per share. This represents a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, August 31st.
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.
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