Ultra Electronics Holdings Plc Rating Lowered to Hold at Investec (ULE)
Ultra Electronics Holdings Plc (LON:ULE) was downgraded by research analysts at Investec to a “hold” rating in a report released on Monday, AnalystRatings.NET reports. They currently have a GBX 2,000 ($32.96) price target on the stock, up from their previous price target of GBX 1,960 ($32.30). Investec’s price target would suggest a potential upside of 3.04% from the stock’s previous close.
Ultra Electronics Holdings Plc (LON:ULE) opened at 1948.50 on Monday. Ultra Electronics Holdings Plc has a 52 week low of GBX 1552.00 and a 52 week high of GBX 2003.0001. The stock has a 50-day moving average of GBX 1884.43 and a 200-day moving average of GBX 1877.. The company’s market cap is £1.354 billion.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank upgraded shares of Ultra Electronics Holdings Plc to a “hold” rating in a research note to investors on Thursday, December 5th. They now have a GBX 1,750 ($28.84) price target on the stock, up previously from GBX 1,650 ($27.19). Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Ultra Electronics Holdings Plc from GBX 2,100 ($34.61) to GBX 1,920 ($31.64) in a research note to investors on Monday, November 18th. They now have a “neutral” rating on the stock. Finally, analysts at UBS AG cut their price target on shares of Ultra Electronics Holdings Plc from GBX 1,900 ($31.31) to GBX 1,820 ($29.99) in a research note to investors on Monday, November 18th. They now have a “neutral” rating on the stock. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Ultra Electronics Holdings Plc has an average rating of “Hold” and an average target price of GBX 1,903.87 ($31.38).
Provides aerospace and defence electronics services. The Company designs and manufactures technically advanced products for civil and military applications.
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