Ultra Electronics Holdings plc (LON:ULE) had its price target lowered by Kepler Capital Markets from GBX 2,300 ($30.25) to GBX 1,600 ($21.04) in a report released on Tuesday. The brokerage currently has a buy rating on the stock.

ULE has been the topic of a number of other reports. Berenberg Bank lowered shares of Ultra Electronics Holdings plc to a sell rating and reduced their price objective for the stock from GBX 2,250 ($29.59) to GBX 1,550 ($20.39) in a research report on Friday, November 10th. Liberum Capital reissued a buy rating and issued a GBX 2,300 ($30.25) price objective on shares of Ultra Electronics Holdings plc in a research report on Friday, November 10th. Deutsche Bank AG increased their price objective on shares of Ultra Electronics Holdings plc from GBX 2,040 ($26.83) to GBX 2,080 ($27.36) and gave the stock a hold rating in a research report on Thursday, August 31st. J P Morgan Chase & Co lowered shares of Ultra Electronics Holdings plc to a neutral rating and reduced their price objective for the stock from GBX 2,420 ($31.83) to GBX 1,785 ($23.48) in a research report on Monday, November 13th. Finally, Barclays PLC reduced their price objective on shares of Ultra Electronics Holdings plc from GBX 2,085 ($27.42) to GBX 2,045 ($26.90) and set an equal weight rating on the stock in a research report on Thursday, August 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of GBX 1,949.13 ($25.64).

Ultra Electronics Holdings plc (LON ULE) traded down GBX 11 ($0.14) during trading on Tuesday, reaching GBX 1,179 ($15.51). 1,117,589 shares of the company were exchanged, compared to its average volume of 558,928. Ultra Electronics Holdings plc has a 12 month low of GBX 1,155 ($15.19) and a 12 month high of GBX 2,245 ($29.53).

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In other Ultra Electronics Holdings plc news, insider Douglas Caster acquired 8,160 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average cost of GBX 1,215 ($15.98) per share, with a total value of £99,144 ($130,401.16). Also, insider Sir Robert Walmsley acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were acquired at an average cost of GBX 1,196 ($15.73) per share, for a total transaction of £11,960 ($15,730.63). Over the last ninety days, insiders have bought 10,273 shares of company stock worth $13,125,877.

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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