Ultra Electronics’ (ULE) “Buy” Rating Reiterated at Liberum Capital
Ultra Electronics Holdings plc (LON:ULE)‘s stock had its “buy” rating reiterated by Liberum Capital in a research report issued on Monday. They presently have a GBX 1,800 ($23.67) price objective on the stock. Liberum Capital’s price objective points to a potential upside of 46.58% from the stock’s previous close.
A number of other research analysts have also recently commented on ULE. Deutsche Bank AG cut their price target on shares of Ultra Electronics from GBX 2,050 ($26.96) to GBX 2,040 ($26.83) and set a “hold” rating on the stock in a report on Tuesday, August 8th. Kepler Capital Markets restated a “buy” rating and issued a GBX 2,300 ($30.25) price target on shares of Ultra Electronics in a report on Thursday, August 3rd. Barclays PLC cut their price target on shares of Ultra Electronics 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. J P Morgan Chase & Co cut shares of Ultra Electronics to a “neutral” rating and cut their price target for the stock from GBX 2,420 ($31.83) to GBX 1,785 ($23.48) in a report on Monday, November 13th. Finally, Berenberg Bank cut shares of Ultra Electronics to a “sell” rating and cut their price target for the stock from GBX 2,250 ($29.59) to GBX 1,550 ($20.39) in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Ultra Electronics has an average rating of “Hold” and a consensus price target of GBX 1,886.63 ($24.81).
Ultra Electronics (ULE) opened at GBX 1,228.01 ($16.15) on Monday. Ultra Electronics has a 1-year low of GBX 1,138 ($14.97) and a 1-year high of GBX 2,245 ($29.53).
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About Ultra Electronics
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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