Citigroup Inc. Reiterates “Buy” Rating for Ultra Electronics Holdings Plc (ULE)
Ultra Electronics Holdings Plc (LON:ULE)‘s stock had its “buy” rating restated by research analysts at Citigroup Inc. in a report released on Wednesday, AnalystRatingsNetwork reports. They currently have a GBX 1,960 ($31.62) price objective on the stock. Citigroup Inc.’s price target would indicate a potential upside of 2.89% from the company’s current price.
Ultra Electronics Holdings Plc (LON:ULE) traded down 0.63% on Wednesday, hitting GBX 1893.00. 51,971 shares of the company’s stock traded hands. Ultra Electronics Holdings Plc has a one year low of GBX 1481.00 and a one year high of GBX 2003.0001. The stock has a 50-day moving average of GBX 1905. and a 200-day moving average of GBX 1769.. The company’s market cap is £1.315 billion.
A number of other analysts have also recently weighed in on ULE. Analysts at Investec raised their price target on shares of Ultra Electronics Holdings Plc (LON:ULE) from GBX 2,010 ($32.43) to GBX 2,100 ($33.88) in a research note to investors on Wednesday, September 18th. They now have a “buy” rating on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Ultra Electronics Holdings Plc (LON:ULE) in a research note to investors on Monday, September 16th. They now have a GBX 1,950 ($31.46) price target on the stock. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “neutral” rating on shares of Ultra Electronics Holdings Plc (LON:ULE) in a research note to investors on Thursday, September 12th. They now have a GBX 2,000 ($32.27) price target on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Ultra Electronics Holdings Plc presently has an average rating of “Hold” and a consensus target price of GBX 1,924.98 ($31.06).
Provides aerospace and defence electronics services. The Company designs and manufactures technically advanced products for civil and military applications.
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