Peel Hunt Reaffirms “Add” Rating for Ultra Electronics (LON:ULE)
Peel Hunt reiterated their add rating on shares of Ultra Electronics (LON:ULE) in a research note released on Monday, Stock Target Advisor reports.
Other analysts also recently issued research reports about the stock. Jefferies Financial Group increased their target price on shares of Ultra Electronics from GBX 1,775 ($23.35) to GBX 2,000 ($26.31) and gave the company a hold rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. dropped their price target on shares of Ultra Electronics from GBX 2,300 ($30.26) to GBX 2,200 ($28.94) and set a neutral rating on the stock in a research report on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of GBX 2,017.75 ($26.54).
Shares of LON:ULE opened at GBX 2,252 ($29.62) on Monday. The company has a current ratio of 1.48, a quick ratio of 1.05 and a debt-to-equity ratio of 70.99. The stock has a market cap of $1.60 billion and a PE ratio of 33.76. The stock’s fifty day simple moving average is GBX 2,128.12 and its two-hundred day simple moving average is GBX 2,014.93. Ultra Electronics has a 1-year low of GBX 1,200 ($15.79) and a 1-year high of GBX 2,294 ($30.18).
About Ultra Electronics
Ultra Electronics Holdings plc, an electrical and electronics engineering company, provides various solutions and products in the defense and aerospace, security, transport, and energy markets. The company operates in three segments: Aerospace & Infrastructure, Communications & Security, and Maritime & Land.
Read More: Risk Tolerance
Receive News & Ratings for Ultra Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultra Electronics and related companies with MarketBeat.com's FREE daily email newsletter.