Ultra Electronics Holdings plc (ULE) Rating Reiterated by Liberum Capital
Ultra Electronics Holdings plc (LON:ULE)‘s stock had its “buy” rating reaffirmed by analysts at Liberum Capital in a report issued on Tuesday. They currently have a GBX 1,800 ($23.67) target price on the stock. Liberum Capital’s price objective indicates a potential upside of 50.88% from the company’s current price.
ULE has been the subject of a number of other research reports. Berenberg Bank downgraded Ultra Electronics Holdings plc to a “sell” rating and reduced their price target for the company from GBX 2,250 ($29.59) to GBX 1,550 ($20.39) in a report on Friday, November 10th. Kepler Capital Markets reduced their price target on Ultra Electronics Holdings plc from GBX 2,300 ($30.25) to GBX 1,600 ($21.04) and set a “buy” rating for the company in a report on Tuesday, November 14th. J P Morgan Chase & Co downgraded Ultra Electronics Holdings plc to a “neutral” rating and reduced their price target for the company from GBX 2,420 ($31.83) to GBX 1,785 ($23.48) in a report on Monday, November 13th. Deutsche Bank AG increased their price target on Ultra Electronics Holdings plc from GBX 2,040 ($26.83) to GBX 2,080 ($27.36) and gave the company a “hold” rating in a report on Thursday, August 31st. Finally, Barclays PLC reduced their target price on 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 report on Thursday, August 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 1,886.63 ($24.81).
Ultra Electronics Holdings plc (LON ULE) opened at GBX 1,193 ($15.69) on Tuesday. Ultra Electronics Holdings plc has a 1-year low of GBX 1,155 ($15.19) and a 1-year high of GBX 2,245 ($29.53).
In related news, insider Rakesh Sharma purchased 543 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were acquired at an average cost of GBX 1,829 ($24.06) per share, for a total transaction of £9,931.47 ($13,062.57). Also, insider Douglas Caster purchased 8,160 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were bought at an average price of GBX 1,215 ($15.98) per share, for a total transaction of £99,144 ($130,401.16). In the last ninety days, insiders have acquired 11,119 shares of company stock worth $14,115,697.
About Ultra Electronics Holdings plc
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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